Investing Updates : Lowest SSB demand in more than 2 years

URL: https://www.businesstimes.com.sg/companies-markets/demand-singapore-savings-bond-slides-lowest-february-2022-10-year-average-return-2-56

Here's a brief summary of the article:

1. Lowest Demand Since February 2022: The demand for the latest Singapore Savings Bond (SSB) issuance reached its lowest level by absolute value since February 2022.

2. 10-Year Average Return: The 10-year average return for the latest issuance is 2.56%, which is a new low for 2024.

3. Applications and Allotment: The November issuance received applications totaling S$99.6 million for the S$600 million on offer, with S$92.2 million being fully allotted.

4. Comparison with Previous Issuance: In comparison, the October issuance received S$206.6 million in applications for the S$800 million on offer.

5. Interest Rates: The latest issuance offered a first-year interest rate of 2.25%, down from the October issuance's 2.59%.

   
   

   "As expected, lots of retail investors are seeking better returns elsewhere. If you believe the bull market still has legs, it's not too late to hop on the stock market bandwagon. 

   
   

   Personally, I've invested additional funds into EndowUS Flagship CPF Portfolio using CPF OA. It's generated 5%+ return for me so far over 3 years and I'm predicting it will continue to do well."