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 SG Savings Bond (SSB) & Treasury Bills (T-bills), Guaranteed by Singapore Government

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SUSTOS
post Nov 28 2023, 09:07 AM

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QUOTE(ccschua @ Nov 28 2023, 09:01 AM)
Is it all no more bullet or the disappointing rate ?
*
You mean SSB or T-bills?

SSB Jan 2024 issue is projected to have terrible rates. So this round's SSB may be hot.

T-bills are a different story as it depends more on short-term rates.
SUSTOS
post Nov 28 2023, 02:39 PM

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This week's MAS Bill auction results:

Tenure4-week12-week
Cut-off yield4.03%4.04%
Median yield3.97%3.95%
Average yield3.68%3.55%
BTC ratio2.092.5

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-01

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-01

Both 4-week and 12-week demand went up from last week, but yields barely bulge...

-----------------------------------

SSB Dec 2023 allotment results to be announced 3pm today. Will update you guys later. smile.gif
SUSTOS
post Nov 28 2023, 03:00 PM

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SSB Dec 2023 results out:

» Click to show Spoiler - click again to hide... «
SUSTOS
post Nov 28 2023, 09:07 PM

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2024 SSB, SGS, SG T-bills, MAS Bills, MAS FRN auction and issuance calendar is now out!

https://www.mas.gov.sg/bonds-and-bills/auct...suance-calendar

Do mark down the important dates on your calendar.
SUSTOS
post Nov 28 2023, 09:36 PM

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QUOTE(elea88 @ Nov 28 2023, 09:33 PM)
you manage to get?
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Yea, 100% allocation since 9k is below 20k.

Anyone applying 20k or lower will be fully allotted. If you apply 20k or higher, then you will either get 20k or 20.5k allotment.
SUSTOS
post Nov 28 2023, 09:47 PM

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QUOTE(elea88 @ Nov 28 2023, 09:37 PM)
i did not apply. totally forgotten.

So will go for the next T bills
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lol I posted this yesterday morning.

QUOTE(TOS @ Nov 27 2023, 07:24 AM)
Last day to apply guys!

Do so by 9 pm today!
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Ok lah next T-bill then. The deadline is 6th December before 9pm for cash application. Make sure you mark down on your calendar...
SUSTOS
post Nov 28 2023, 10:53 PM

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QUOTE(DM3 @ Nov 28 2023, 10:42 PM)
Once matured the funds go back to savings acc or the CDP acc?
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The bank account linked to your CDP account. It's called Direct Crediting Service (DCS). https://www.sgx.com/apply-services

» Click to show Spoiler - click again to hide... «
SUSTOS
post Nov 30 2023, 04:08 PM

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QUOTE(evangelion @ Nov 30 2023, 04:03 PM)
Just curious. Can foreigner open a CDP account nowadays? I have a feeling its impossible unless PR, etc......
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I don't think so. https://investors.sgx.com/cdp-account-openi...line-form-intro

You still need an SG work pass or student pass (or their related dependency pass), according to the link above. If you click "proceed", you will find that you need a FIN number issued by ICA Singapore, so clearly a pass is needed anyway,

elea88 somehow manage to open hers years back, but she did not specify the process, so I don't know about her condition back then.

---------------------------------

Also, if your purpose of opening a CDP account is to buy SG government securities, you will need a DBS/UOB/OCBC bank account too.

This post has been edited by TOS: Nov 30 2023, 04:15 PM
SUSTOS
post Nov 30 2023, 05:34 PM

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QUOTE(DM3 @ Nov 30 2023, 04:50 PM)
Can ,i just did in oct but u gt to hv sg savings acc
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How do you fill in your FIN number? (Foreign Identification Number)
SUSTOS
post Nov 30 2023, 06:20 PM

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QUOTE(elea88 @ Nov 30 2023, 06:17 PM)
i think most of us old ppl here hv CDP account.

10 yrs ago i walk into DBS and just tell her i want purchase DBS SHARES.
she then open for me DBS VICKERs, dbs bank ac, CDP ac.. all satu kali i think.

its just that i do not have a Singapore address hence cannot take part in RIGHTS SUBSCRIPTION.

So thereafter.. i open MAYBANK KIM ENG.. transfer all my CDP shares into MKE

however realise that to purchase USD or HKD shares the  brokerage is high. So i walk into Std Chart then
the girl open account for me. i just inform her "i would like to open bank and broker ac to purchase USD / HKD shares.

Then later.. come IB. so my USD / HKD shares is now in IB. and some shares still sitting with Std Chart.

10 yrs ago no issue in opening bank ac.
*
Thank you. That's very detailed! thumbup.gif
SUSTOS
post Nov 30 2023, 07:05 PM

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QUOTE(DM3 @ Nov 30 2023, 06:32 PM)
Use our ic etc, non-issue 3 days get already acc
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What? You use your Malaysia IC as the FIN number? And they approve your application? blink.gif

Wow, then I think the whole Malaysia can apply for a CDP account in Spore already... biggrin.gif

Didn't know CDP so cincai these days lol doesn't sound like the usual "Spore standards"... laugh.gif


SUSTOS
post Dec 5 2023, 01:28 PM

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This week's MAS Bill auction results:

Tenure4-week12-week
Cut-off yield4.15%4.01%
Median yield4.05%3.95%
Average yield3.64%3.48%
BTC ratio1.672.29

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-08

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-08

4-week got a very cold response this time, BTC only 1.67. Let's hope 6M T-bill auction this Thursday will see the same result! tongue.gif
SUSTOS
post Dec 5 2023, 03:17 PM

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QUOTE(GregPG01 @ Dec 5 2023, 02:57 PM)
Can I use IBKR buy this Singapore Savings Bonds (SSB) ?
Can't seem to locate the code. Thanks.
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You can ONLY purchase SSB via DBS, UOB and OCBC.

SSB is NOT available via other platforms, only MAS-appointed primary dealers (the 3 big local S-banks mentioned above) can sell you this product.

And there is no secondary market for it, MAS is your one and only counterparty.

This post has been edited by TOS: Dec 5 2023, 03:17 PM
SUSTOS
post Dec 5 2023, 03:32 PM

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QUOTE(Hansel @ Dec 5 2023, 03:26 PM)
I have just tried out your good link - can leave the FIN field blank. The system will let you move to the next step.
*
I think the CS will ask you about your FIN later.

Anyway someone reported filling up FIN with Malaysian IC...

But ok lah for our case we already have CDP account liao, no need to stress over such issue. Let the newcomers figure out themselves. tongue.gif
SUSTOS
post Dec 6 2023, 07:55 AM

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QUOTE(poooky @ Dec 6 2023, 07:51 AM)
Nice, please do share here if the account creation is approved.
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We (Hansel and I) both had CDP account set up already. Our friend DM3 reported success earlier by filling your Malaysia IC in the FIN field, you can try that out too and let us know if it's successful.
SUSTOS
post Dec 6 2023, 08:40 AM

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QUOTE(GregPG01 @ Dec 6 2023, 08:26 AM)
I have an old CDP account that is used for trading with PEOMS previously. I can just use that CDP in DBS right ?
Thanks.
*
Oh, you already have a CDP account. That's good news. Yes, you can use that CDP account to apply for T-bills/SSB/SGS Securities directly in DBS, UOB or OCBC.

Just key in your CDP number during the application process. Screenshots are shown below for your reference:

» Click to show Spoiler - click again to hide... «
SUSTOS
post Dec 6 2023, 06:11 PM

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6M T-bill auction closes at 9 pm today.

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.68% - 3.73% p.a.

» Click to show Spoiler - click again to hide... «


Onshore SGD implied yield based on same condition as above: 3.94-3.95% p.a.

» Click to show Spoiler - click again to hide... «


MAS published last bid quote (by primary dealers) of BS23123Z maturing 28 May 2024: 3.80% p.a.

https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

Looking at above figures, I will bid 3.75% p.a. This time I bid 2000 SGD from OCBC.
SUSTOS
post Dec 6 2023, 06:13 PM

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QUOTE(Hansel @ Dec 6 2023, 03:20 PM)
I was Ramjade's Sifu,.... biggrin.gif

I hoped no case of 'kacang lupakan kulit' here,........
*
lol nothing to do with Ramjade lah. He won't bother with T-bills or SSB anyway. Given his risk appetite, as we both know, the yields from SG risk-free assets are too low for him laugh.gif
SUSTOS
post Dec 7 2023, 05:57 PM

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Today's 6M bill auction result:

% of Competitive Applications at Cut-off AllottedApproximately 21%
% of Non-Competitive Applications Allotted95%
Bid-to-Cover Ratio2.25
Cut-off Yield (Price)3.74% p.a. (98.135)
Median Yield (Price)3.6% p.a. (98.205)
Average Yield (Price)3.05% p.a. (98.479)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-12

Yea, miss by 1 basis point! doh.gif This round is hotter than the last round, BTC rose to 2.25...
SUSTOS
post Dec 12 2023, 01:05 PM

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This week's MAS Bill auction results:

Tenure4-week12-week
Cut-off yield4.15%4.06%
Median yield3.93%3.98%
Average yield3.65%3.65%
BTC ratio2.222.26

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-15

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-15

Both 4- and 12-week see hot subscriptions yet the COY doesn't bulge but instead goes up!
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