Singapore Savings Bonds return could be hit as yield curve inverts
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Tay Peck Gek
THE yield on the 1-year Singapore Treasury bill (T-bill) has averaged 2.8 per cent so far this month as short-term interest rates move up, but investors eyeing higher yields for the increasingly popular Singapore Savings Bonds (SSB) should not expect a similar pattern for these long-term instruments.
The upcoming October issuance of SSB, opening early next month, will be an interesting one to watch, as the 1-year T-bill has been rising over its 10-year counterpart in yield every trading day so far this month.
The yield on the 10-year T-bill has averaged 2.65 per cent for the month to Friday (Aug 19).
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