Singapore Savings Bonds

[reddevil0728]

Everyone thought SSB hit a high recently (believe it passed 3%) then dropped to 2.75% (with 42k alottment) and now it went back up above 3% and consecutively even, any sign this will continue above 3% in the next few months too? Just wondering...

Can read up about inverted yield curve

 

[GenerationX]

shall i take out my maybank isavvy savings n leave min bal then put SSB?

 

[reddevil0728]

shall i take out my maybank isavvy savings n leave min bal then put SSB?

what's your concern?

 

[GenerationX]

what's your concern?

lose interest lo. n not as liquid as savings acc

 

[reddevil0728]

lose interest lo. n not as liquid as savings acc

but you will need to answer for yourself whether you are ok with that right?

 

[SkyNinja]

I am running out of savings to put into SSB... (all stuck in RHB... )

Encash those SSBs with poorer rates lor

 

[70niner]

well, they can redeem past bonds and reinvest back in Dec issue also

That is feasible but they can't do it simultaneously, i.e. they can't redeem their past SSBs now and then use the proceeds to buy the Dec SSBs immediately because the redemption funds will only be credited in Dec.

So they still need some spare cash to get round this timing mismatch

 

[TehSi99]

Not necessary, some may have exhausted their ammo in the last few months' SSB issues

But then Sinkies are rich.....

Well, you can never imagine the greediness and dumbness of sgporeans. Some FOMO and may redeem to put into newer SSB.

 

[maumu]

I wish they can be more open and tell us how much funds are by Singaporeans and non-Singaporeans. How cash rich exactly are Singaporeans? seems like an infinity pit lol

 

[silverbomb]

those that got fully redeem SSB before, does it (along with Security Name) still show up when you click on Portfolio inside CDP even though it is fully redeemed? mine still showing even though i redeemed last year, thinking how to remove it.

 

[rachdanon]

I wish they can be more open and tell us how much funds are by Singaporeans and non-Singaporeans. How cash rich exactly are Singaporeans? seems like an infinity pit lol

Oh just ppl taking out form earlier allotments and putting back in for higher interest?

 

[havetheveryfun]

those that got fully redeem SSB before, does it (along with Security Name) still show up when you click on Portfolio inside CDP even though it is fully redeemed? mine still showing even though i redeemed last year, thinking how to remove it.

no.. it shouldnt be showing up anymore

 

[vsvs24]

those that got fully redeem SSB before, does it (along with Security Name) still show up when you click on Portfolio inside CDP even though it is fully redeemed? mine still showing even though i redeemed last year, thinking how to remove it.

Double-check using My SSB portal. If it also shows up there maybe you remembered wrongly or did partial redemption

 

[silverbomb]

Double-check using My SSB portal. If it also shows up there maybe you remembered wrongly or did partial redemption

mine showing 10 units. i don't recall SSB can redeem in less than $500 blocks leh.

edit: you're right, didn't know of this SSB Portal existence. last time only CDP can see. it's only shows those that I haven't redeem, so it's still puzzling why i'm seeing 10 units of those that i fully redeemed in SGX CDP.

 

[vsvs24]

mine showing 10 units. i don't recall SSB can redeem in less than $500 blocks leh.

edit: you're right, didn't know of this SSB Portal existence. last time only CDP can see. it's only shows those that I haven't redeem, so it's still puzzling why i'm seeing 10 units of those that i fully redeemed in SGX CDP.

You sure the 10 units is SSB and not Tbills or SGS bonds ?

 

[reddevil0728]

That is feasible but they can't do it simultaneously, i.e. they can't redeem their past SSBs now and then use the proceeds to buy the Dec SSBs immediately because the redemption funds will only be credited in Dec.

So they still need some spare cash to get round this timing mismatch

not impossible, people can use their "working capital" cash to bridge without committing for longer than a few days.

Well, you can never imagine the greediness and dumbness of sgporeans. Some FOMO and may redeem to put into newer SSB.

What's wrong with it? why is it dumb? greed maybe. but everybody is self interest. but what's wrong with that?

I wish they can be more open and tell us how much funds are by Singaporeans and non-Singaporeans. How cash rich exactly are Singaporeans? seems like an infinity pit lol

why don't you go to your MP and ask your MP to post a parliamentary question?

mine showing 10 units. i don't recall SSB can redeem in less than $500 blocks leh.

edit: you're right, didn't know of this SSB Portal existence. last time only CDP can see. it's only shows those that I haven't redeem, so it's still puzzling why i'm seeing 10 units of those that i fully redeemed in SGX CDP.

did you apply for T-bill and got confused?

 

[silverbomb]

You sure the 10 units is SSB and not Tbills or SGS bonds ?

did you apply for T-bill and got confused?

ok you guys cleared it for me, didn't think about T-bill. thanks

the confusion also cos the number of T-bill issues that showed up is exactly the amount of SSB i redeem fully prev so i had that impression.

 

[BBCWatcher]

I wish they can be more open and tell us how much funds are by Singaporeans and non-Singaporeans. How cash rich exactly are Singaporeans? seems like an infinity pit lol

There were some earlier data (a couple months ago I think) suggesting that Singaporeans are holding well over 90% of the SSBs. Which isn’t surprising to me at all. Most foreigners don’t want to hoard piles of Singapore dollars which is what SSBs are. And Singaporeans collectively wouldn’t have such big piles of Singapore dollars without the foreigners, so there you go.

 

[TiongXimNeverDie1314]

well, they can redeem past bonds and reinvest back in Dec issue also

I am intending to redeem some from months or years ago, how long would it take for me to retrieve back the Sum before I can reinvest ???

 

[hwckhs]

I am intending to redeem some from months or years ago, how long would it take for me to retrieve back the Sum before I can reinvest ???

Refer to https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX22120S&issue_date=2022-12-01 .

Submit redemption request by 25 Nov 2022, 9pm. Receive the proceeds on 01 Dec 2022.