Putting more money in T-Bills and Singapore Savings Bonds

Since June 2022, I have been investing more into Singapore Government Treasury Bills (T-Bills) and Singapore Savings Bonds (SSB). This is because interest rates are rising during past few months. I have not seen such high interest rates for a very long time.

To give an idea of rising interest rates, the following table shows money invested in SSB and T-Bill.

SSB Date Applied Yield (%)
GX18070N 2-Jul-18 2.63%
GX22060F 1-Jun-22 2.53%
GX22070T 2-Jul-22 2.71%
GX22080V 2-Aug-22 3.00%
GX22120S 18-Nov-22 3.47%
T-Bills
BS22119T (6 months) 26-Sep-22 3.32%
BS22120E (6 months) 7-Oct-22 3.77%
BS22122Z (6 months) 4-Nov-22 4.00%
BS22123S (6 months) 18-Nov-22 To be determined

Update:

Cut-off yield for BS22123S T-Bill is 3.90%.

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The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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