So the latest allotment for the Singapore Savings Bonds are out.
And wow, are Singapore Savings Bonds popular again.
Whereas last month’s Singapore Savings Bonds saw allotment of up to $42,500 per person.
This month you’re looking at up to $10,500 per person only.
November 2022 Singapore Savings Bonds – Allotment Results
Diving deeper into the numbers.
The November Singapore Savings Bonds received $2.2 billion worth of applications, which is significantly higher than the October Singapore Savings Bonds at $1.1 billion.
It’s even higher than the September Singapore Savings Bonds at $1.9 billion.
Issue size is unchanged at $900 million.
Each person who applied has a chance of getting allotted either $10,500 or $10,000, with a 29.15% chance of getting $10,500.
Why are the Singapore Savings Bonds popular again?
Well, it all comes down to the interest rate.
The November Singapore Savings Bonds yield 3.08% first year, and 3.21% over 10 years:
This is significantly higher than the October Singapore Savings Bonds at 2.6% first year, and 2.75% over 10 years:
Will next month’s Singapore Savings Bonds be even better?
That said, looking at the latest SGS yields, it looks like next month’s Singapore savings bonds might be even better.
You’re probably looking at a 1 year rate of about 3.2%+, and around 3.5% for 10 years.
So if this month’s $10,500 allotment is anything to go by, next month might see even more dismal allotments.
With the latest T-Bills yielding 4.19%, might not be a bad idea to start switching over to T-Bills, for investors who don’t need the liquidity within the next 6 months.
If you do need the liquidity though, then it probably still makes sense to stick with Singapore Savings Bonds or perhaps fixed deposits.
BTW – we share commentary on Singapore Investments every week, so do join our Telegram Channel (or Telegram Group), Facebook and Instagram to stay up to date!
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