Singapore Savings Bonds

[lzydata]

Another interesting observation is that we are back to a fully inverted yield curve for SGS i.e. 10y SGS yield will become the limiter.

Um, the 1 and 2 year yields are still higher than the 10, so, not yet.

 

[yiron]

Um, the 1 and 2 year yields are still higher than the 10, so, not yet.

How is that different from my statement? Inverted means short ends (e.g. 1y) are yielding higher than long ends (10y).
If u look at 1 Mar SGS yield, 6m > 1yr > 2yr > 5yr > 10yr - that's not inverted?

 

[lzydata]

How is that different from my statement? Inverted means short ends (e.g. 1y) are yielding higher than long ends (10y).

Ah right, sorry, I thought you meant the yield curve is no longer inverted.

 

[reddevil0728]

Mayssb 3.35....wow?

Huh really? So fast out?

 

[ekardo]

sian, the Mar one so chui compared to the upcoming Apr one..
make sense to swab without earning any interest for Mar ?

 

[reddevil0728]

sian, the Mar one so chui compared to the upcoming Apr one..
make sense to swab without earning any interest for Mar ?

Got the swap function in the website created by a user u can try right

 

[ekardo]

mathematically it show "yes, should swap", but if I were to swap out every month for next month, it would means a lost isnt it ?

 

[reddevil0728]

mathematically it show "yes, should swap", but if I were to swap out every month for next month, it would means a lost isnt it ?

Then no? nobody can predict future

 

[Cryophoenix]

mathematically it show "yes, should swap", but if I were to swap out every month for next month, it would means a lost isnt it ?

If you have enough cash to redeem and buy in same month, you won't lose any interest.

 

[konan~]

sian, the Mar one so chui compared to the upcoming Apr one..
make sense to swab without earning any interest for Mar ?

When can redeem your Mar SSB before the closing date and you will get your money back, including the interest for Mar, on 1 Apr.

 

[reddevil0728]

When can redeem your Mar SSB before the closing date and you will get your money back, including the interest for Mar, on 1 Apr.

What do you mean?

 

[konan~]

Then no? nobody can predict future

Actually hwckhs projected that the yield average 10Y will be 3.1x%. That's why the Mar SSB was under subscribed.

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[konan~]

What do you mean?

Should be You can redeem your Mar SSB before the closing date and you will get your money back, including the interest for Mar, on 1 Apr.

Pay $2 to redeem the Mar SSB allocated to you by the closing date (28 Mar 2023, 9pm). The amount will be refunded to you together with the interest for Mar on 1 Apr 2023.

 

[reddevil0728]

Actually hwckhs projected that the yield average 10Y will be 3.1x%. That's why the Mar SSB was under subscribed.

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That's actually more of backwards look rather than forward. cause u can't be for sure whether the upcoming tranche or the next tranche will go higher or lower until the month has passed

 

[ekardo]

ya..but then again, no one can predict the future...

what if Apr tranche will be oversubscribe and ended up the allocation is too little ?
was thinking of swapping Aug22, Feb23 and Mar23 SSB...

 

[lzydata]

mathematically it show "yes, should swap", but if I were to swap out every month for next month, it would means a lost isnt it ?

Yes what if the next issue has even higher rates, then you will just be giving the banks $4 every month

I think you can wait a bit more and see. Maybe after a few months you can swap and invest new money as well.

 

[konan~]

That's actually more of backwards look rather than forward. cause u can't be for sure whether the upcoming tranche or the next tranche will go higher or lower until the month has passed

On the application closing date for SSB Apr on 23 Feb, the average SGS10Y for Feb was 3.12% with only two more data points to go. So can't be too far from 3.12%.

 

[reddevil0728]

On the application closing date for SSB Apr on 23 Feb, the average SGS10Y for Feb was 3.12% with only two more data points to go. So can't be too far from 3.12%.

talking about this?

Yes what if the next issue has even higher rates, then you will just be giving the banks $4 every month

I think you can wait a bit more and see. Maybe after a few months you can swap and invest new money as well.

 

[konan~]

talking about this?

If by 28 Mar 2023, the average SGS10Y till Mar 28 is 3.50%, I will bid a bit of SSB Apr and keep some powder for SSB May.

 

[reddevil0728]

If by 28 Mar 2023, the average SGS10Y till Mar 28 is 3.50%, I will bid a bit of SSB Apr and keep some powder for SSB May.

ya then again u wouldn't now beyond the upcoming one.

and is not biding that 1 is not for SSB