Singapore Savings Bonds

BT EXPLAINS

With T-bill yields falling to lows, which assets bring higher returns?

Current rates are far from competitive, for those hoping to retrieve returns worth their while

The July tranche of the Singapore government-backed bonds received a total of S$353.7 million in applications, short of the S$400 million on offer.

Singapore Savings Bonds fully allocated; 10-year average return drops to 2.49%

In comparison, the previous issuance for June saw a total of S$302.9 million in applications, versus S$500 million on offer

The latest tranche offers a first-year interest rate of 2.2%, a drop from the 2.49% offered by the May issuance.

Singapore Savings Bond demand falls short; 10-year average return drops to 2.56%

The June tranche receives a total of S$302.9 million in applications for the S$500 million on offer

A total of S$431.5 million was applied for in the May 2025 issuance of the Singapore government-backed bonds, falling short of the S$700 million on offer.

Singapore Savings Bond demand falls short by over S$200 million; 10-year return down at 2.69%

The latest tranche offers a first-year interest rate of 2.49%, declining from 2.73% in April’s issuance

Applications for the latest tranche of SSB closed on Jan 24, and the bonds will be issued on Feb 3.

Demand falls for latest Singapore Savings Bond with 10-year average return of 2.82%

The latest tranche offers a first-year interest rate of 2.76%, slightly higher than the 2.73% in the January issuance

The latest issuance will be allotted on Jan 27, with successful applications issued on Feb 3.

10-year average return on Singapore Savings Bonds slides to 2.82%

The February issuance has S$500 million on offer and closes on Jan 24

Lower-risk alternatives such as fixed deposits may remain attractive as expectations for rate cuts by the US Federal Reserve in 2025 are now dampened.
MIND THE GAP

Higher-for-longer rates a boon for savers

There is no shortage of higher-yielding options if investors are prepared to recalibrate their risk and liquidity requirements

The latest issuance offers a first-year interest rate of 2.66%.

Current higher yields on Singapore Savings Bonds and Treasury bills unlikely to last: analysts

The December tranche gives a 10-year average return of 2.81% and attracts S$164.8 million in applications for the S$600 million on offer

The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion.

More Singapore Savings Bonds, T-Bills to be issued as government raises borrowing limit to S$1.515 trillion

More than 60% of the S$450 billion increase will be primarily issued for CPF’s investment needs

The latest issuance will be allotted on Nov 27, with successful applications issued on Dec 2.

10-year average return on Singapore Savings Bond picks up to 2.81%

The December issuance has S$600 million on offer and closes on Nov 26