Hi. I will advise you not to read in to those funny rules too much...

We all have different risk profiles. How much percentage of your portfolio should be allocated to stocks, bonds, cash etc. is a matter of personal preference (due to various factors such as age, needs, prevalent and expected macroeconomic environments etc.)

Back to SG bonds, you will need a CDP account AND a bank account with DBS/UOB/OCBC to buy SG T-bills/notes/bonds.

Prerequisite for having a CDP account is you need to have an address in SG (can be your family members' address, you don't have to buy an HDB flat here...)

Hope that helps.

i got CDP but no singapore address.. so means cannot right?

How come... You have CDP account in SG, you need to fill in your residential address and mailing address right? The mailing address has to be a Singapore address.

To open a CDP account you need to have an SG address, no? Did you apply via the online form (link below)? 

https://investors.sgx.com/cdp-account-openi...line-form-intro

i have cdp from years ago using Malaysia address.

But how did you open it back then? Via the online form?

If you use Malaysia address for the online form filling, how did you fill up this part?

It seems that not necessary to fill in this part? Because they say the below:
"If you wish to receive such posts from the company, please provide a Singapore address."

Hmm... seems reasonable. When I tried to ignore this part, CDP says they need an SG address anyway, so I just fill it up.

But you can try to submit an application without SG address and see what they say.

i got CDP but no singapore address.. so means cannot right?

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.05%	4.14%
Median yield	3.9%	3.96%
Average yield	3.3%	3.53%
BTC ratio	2.28	1.9

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-11-03

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-11-03

4-week is hot this time, yields go down regardless of COY, median or average. 12-week remains stable.

Just to cfm,... so, for the Oct 26th issue, the 4-week's yield is 4.05% and the 12-week's yield is 4.14% ?

Not sure if I calculates it correctly....
For a 10yrs holding period.... @2.x%pa....

I would prefer to put in kwsp @abt 5.5%pa...
That is a plus of abt 3%pa.....
I think SGD cannot appreciates at a 3%pa over MYR.
What do you think?

20 years ago SGD was 2.20 to MYR. Now it's 3.20

CAGR of 1.89%.

Good discussions in the above, bros,... For myself,...

1) I put into SSB when I see interest rates are rising, that's when the SSB interest rates will be higher.

2) SSB is a parking facility till interest rates start to turn, and I will liquidate my SSB, to buy REITs, tech stocks and whatever else.

3) Emm,... when I reached my withdrawal age, I MIGHT NOT withdraw everything from EPF to be pumped into SSB. But,.. let's imagine I am able to withdraw my EPF this year, I would have withdrawn half and converted into the SGD at the beginning of this year after I saw MAS did a tightening in end-2021.

4) And finally,... I would buy into Astrea bonds denominated in the SGD and in the USD tho' the risk rating is higher. I would also buy into Astrea bonds when interest rates are rising, like today.

For your infos,... Astrea 7 has been launched and was recently floated in the exchange last week. They are available in the exchange, under the following codes :-

a) V7AB : 4.125% pa denominated in the SGD.
b) V7BB : 6.00% pa, denominated in the USD.

But, be careful,... when interest rates rise further, the bond price (in the secondary mkt) may fall. Then you'll have to hold till maturity if you wish to get back your par values. This is a major risk. Pls read the documents if need to know of other risks.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.13%	4.14%
Median yield	3.95%	4.05%
Average yield	3.53%	3.57%
BTC ratio	1.76	1.92

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-10-27

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-10-27

Tomorrow 9pm is 6M T-bill application deadline. Bloomberg screenshots will be provided around 5.30-6 pm. Stay tuned!

Yes, its true. I myself have roughly calculated that SGD appreciation around 2% or slightly lesser per year. In fact, the appreciation has been going down over the years except this round due to the economic, political situation. Most people don't realize this. They just see the last few years where RM decline a lot.

I myself always aware that if take EPF interest of 5.5-6+% versus 2+% for Singapore, after factoring the SGD appreciation, EPF is actually better off. The only thing is if you can earn 4% or more interest in SGD, then only worth it to convert to SGD. But bear in mind when bringing back to Malaysia, in the future, it may be taxed.
Never heard of Astrea bonds before. Guess we ikan bilis not entitled for it as it says funded by private equity

Thank you. Pls tell me then : what is the final yield offered ? The cut-off yield ?? I appreciated your help here,... I don't know how to interpret the table.

No bro,... Astrea bonds are listed in SGX and stored in CDP,... can be bought in 100-units denomination. Just queue & buy with a normal SGX-linked brokerage acct....

Cut-off yield.

Cut-off yield.

Thanks
Crazy. More than 4% yield for 4 weeks and 12 weeks.

Might go higher if MAS tightens the policy band in the January MAS Policy Mtg,.........

Unlikely they will tighten in January as Fed unlikely to raise rates this Wed.