Singapore Savings Bond opens for February issuance with interest rates under 3%

The 10-year bond for retail investors has opened on Tuesday (Jan 3) for issuance in February; it offers interest rates much lower than its recent tranches.

The interest rates for the latest Singapore Savings Bond (SSB) have further slipped to 2.84 per cent for the first year and 2.97 per cent for the 10-year average, even as other short-term market investment products offer yields of around 4 per cent.