Singapore SGS Bond

[sglandscape]

2 year bond reopening. Anyone applying

inverted yield curve, if still have SSB capacity better off using it instead (especially if done in previous months)

 

[highsulphur]

inverted yield curve, if still have SSB capacity better off using it instead (especially if done in previous months)

interest won't be high forever. Might be a good time to lock in some 2 Y

 

[sglandscape]

interest won't be high forever. Might be a good time to lock in some 2 Y

If you really want lock in consider 5-10y bonds. 2y likely only benefit for 1 year assuming rate cut happens end of this year

 

[sky1978]

Sorry I meant comp bid

If comp bid, technically shouldn't have to set aside additional 15%

May put some just to see how it works

In bonds, the interest rate is fixed, and only short-term bills are offered at a discount.

So if they fixed it at a 3% coupon per 100 dollars, you bid at 2.8%, if the COY turns out to be 2.8%, you will need to pay much more than 100 dollars.

 

[Nofear40]

2 year bond reopening. Anyone applying

I did not see on dbs online?

 

[reddevil0728]

I did not see on dbs online?

29 mon is auction. so should be closed by now

 

[highsulphur]

I did not see on dbs online?

I think today's last day. 9pm

 

[Nofear40]

29 mon is auction. so should be closed by now

Oh, I miss it..thanks

 

[gobin74]

hi this is 1st time i have applied for a sgs bonds for the 2 year thru ocbc app

what time are the results announced any one knows ....cheers

 

[hwckhs]

what time are the results announced any one knows ....cheers

Any time after 1pm.

 

[reddevil0728]

hi this is 1st time i have applied for a sgs bonds for the 2 year thru ocbc app

what time are the results announced any one knows ....cheers

How you apply for doesn’t impact the results timeline.

also, it doesn’t seem like you have visited their website.

because if you had done so, you will see that it says, “Auction results will be available after the auction closes. Please check back after 1pm on 29 Jan 2024.”

link: https://www.mas.gov.sg/bonds-and-bi...nds?issue_code=NX16100F&issue_date=2024-02-01

Notes that you want people to share actual experience rather than theoretical.

but some information can be found online yourself without being shared by others.

 

[stephenbishop]

Cut-off Yield 3.04% p.a.
Cut-off Price 98.314
Median Yield 2.99% p.a.
Median Price98.425
Average Yield 2.92% p.a.
Average Price98.58

 

[lzydata]

My impression is that SGS bond auction results are more punctual than T-bill results.

Maybe there are fewer applicants?

This time the bid-to-cover ratio is also quite high - 3.2 - like the last T-bill auction.

 

[stephenbishop]

Maybe there are fewer applicants?

That may be a good guess. NC applications, which I am guessing are mainly from individuals, are very low so may be fewer but much larger applications....

 

[highsulphur]

I bid 3 but used cpf OA. I don't have enough to cover 115% but enough for the final proceeds. Application went through though

Will see if I get allotted

 

[d5dude]

Demand is very strong, benchmark was 3.12%.

 

[reddevil0728]

300m allotted to mas

 

[BBCWatcher]

Will see if I get allotted

You're getting all that you requested if you either bid under 3.04% cut-off yield or placed a noncompetitive bid.

 

[highsulphur]

You're getting all that you requested if you either bid under 3.04% cut-off yield or placed a noncompetitive bid.

I bid for x amount but I don't have 115% of x in my cpf OA. There was at the point of application but since then an amount had been deducted for the recent tbill auction.

 

[vsvs24]

I bid for x amount but I don't have 115% of x in my cpf OA. There was at the point of application but since then an amount had been deducted for the recent tbill auction.

You hope to get or hope not to get