SUBSCRIBERS

Singapore Savings Bonds applications up 65% amid uncertainty, higher yields

Published Mon, May 9, 2022 · 05:50 AM

DBS’s Leow said current SSB holders could be redeeming issues with lower yields and redeploying them into newer issues with higher yields,. Bloomberg

DEMAND for Singapore Savings Bonds (SSBs) has risen to the highest it has been since July 2019, as yields continue on an upward trend.

Investors applied for S$231 million worth of SSBs last month - a 65 per cent increase over the value of applications in the month prior.

This tranche of SSBs, which were issued on May 4, have an average return of 2.09 per cent over their 10-year tenure.