Dear readers, the application of the April 2020 Singapore Savings bonds is expected to be open in the first week of next month (March 2020). Of the $150 million March 2020 Savings Bonds on offer, only $43.621m was applied for and $42.492m issued. The issuance percentage was only an unimpressive 28.3%.
The outcome of the March 2020 Singapore Savings Bonds application and issuance was not surprising given that the first-year return was only 1.43% and the average 10-year return at 1.71% Compared the average 10-year return of the March 2020 bonds to that for Feb 2020 bonds (1.75%), Jan 2020 bonds (1.76%). Dec 2019 (1.71%), Nov 2019 (1.74%).
I expected that with the volatilities in the stocks markets where more investors flock to bonds, the 10-year average yield of the April 2020 Singapore Savings Bonds could at most be on par to the 1.71% to 1.74% in recent tranches.
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