sgh Just to confirm with you for redeeming SSB earlier, the accured interests are counted based on days or months?

E.g. for the Sept 2022 issue which I plan to redeem, if I apply to redeem now, the accrued interests will be including the whole month of October or just up to today (assume I apply to withdraw today)?

The SSB website formula counts based on days https://www.mas.gov.sg/bonds-and-bills/inve...s/how-to-redeem

but my SG friend says it's counted by month (i.e. irrespective of which day in the month you apply to withdraw, the entire month's interests will still be accrued and paid back).

Just want to confirm. Thanks.

This post has been edited by TOS: Oct 10 2022, 09:42 PM

The URL has a formula at the bottom it count the days. It will accrued interest until the day the monies credit into your bank account (exclude the day interest come in) You redeem early or late in the month is the same so later can give you more days to think over

Thanks.

BT 101022: https://drive.google.com/file/d/1rThFR6Q1up...iew?usp=sharing

Bro,... no institution will pay you interest for days you have not 'completed',... surely it will be counted in days, not mths.

MAS 12-week bill cut-off yield 3.8% p.a.

Median yield 3.64% p.a.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-10-14

This is not available for retail investors all is institution but it give some indication of the upcoming rising interest rate trend. A lot of stock, equities investors is also parking into such fixed income instruments while wait out the US market to bull again

Yup, I post for indication only. What do you plan to bid for this upcoming 6M and 1Y T-bill? Or you go for non-comp?

Can do multiple applications for same T-bill. So I intend 1 for non-comp and 1 for comp bid.

CDP Internet login credentials email finally arrived.

BT 111022: https://drive.google.com/file/d/1-wEDl2qLCO...iew?usp=sharing

So actually, you don't need to wait for the password to arrive at your letterbox. You can just click "Forgot password" to reset it immediately and disregard the mailed password information.



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Submitted my 6M T-bill bid. 3.7% p.a.

This post has been edited by TOS: Oct 12 2022, 05:31 PM

That was quite a high bid. Did you bid for the 12 month T-bill also?

lol where got high... I am actually curious why SG retail investors all bid 3.4 to 3.5%... Is it because of kiasu kiasi attitude?

You should have observed 12 week MAS bill already cut-off at 3.8% p.a., and a previous issue was 3.75% p.a.

The short-term SG yield curve has not inverted yet, so a 6M bill can't be lower than a shorter-tenure issue right?

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No, I didn't bid for the 12 month T-bill. I will need some cash next year for my Masters/PhD studies or in case found a job, need some extra spending for travel, relocation etc.

BT 121022: https://drive.google.com/file/d/1vW1UJ1334C...iew?usp=sharing

GSS happening now in SGX counters

Yes I made it!

6M Cut off yield 3.77% p.a. https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-10-18

1Y Cut off yield 3.72% p.a. https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-10-18

Today's policy statement: https://www.mas.gov.sg/news/monetary-policy...atement-14oct22

BT 131022: https://drive.google.com/file/d/1Oo4J1doPUd...iew?usp=sharing

Better than MYR FD.. time to diversify