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

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elea88
post Oct 29 2023, 09:50 PM

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QUOTE(TOS @ Oct 24 2023, 02:09 PM)
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.
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i got CDP but no singapore address.. so means cannot right?
elea88
post Oct 29 2023, 10:01 PM

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QUOTE(TOS @ Oct 29 2023, 09:52 PM)
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
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i have cdp from years ago using Malaysia address.
elea88
post Nov 7 2023, 07:23 PM

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QUOTE(TOS @ Nov 7 2023, 05:47 PM)
Here we go! OCBC accounts are working normally by now...

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

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.67% - 3.72% p.a.

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


Onshore SGD implied yield based on same condition as above: 3.97-4.00% p.a.

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


MAS published last bid quote (by primary dealers) of BS23121E maturing 30 April 2024: 3.89% p.a.

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

Looking at above figures, I will bid 3.80% p.a. This time I bid 3000 SGD from OCBC. Time to clear some of my S-REITs sales proceeds.
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why want to bid 3.8%. means anything below 3.8% you do not want?
elea88
post Nov 22 2023, 08:14 PM

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QUOTE(TOS @ Nov 22 2023, 05:51 PM)
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% - 3.72% p.a.

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


Onshore SGD implied yield based on same condition as above: 3.92-3.98% p.a.

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


MAS published last bid quote (by primary dealers) of BS23122F maturing 14 May 2024: 3.83% 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. The rest gonna dump into the December SSB for my wedding fund. laugh.gif
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i tot u student only.. Wedding fund?

i just put non competitive
elea88
post Nov 23 2023, 08:50 AM

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QUOTE(TOS @ Nov 22 2023, 08:36 PM)
Student planning for marriage 8-10 years later. laugh.gif

Thanks to SSB, Cheng hu will fund my wedding laugh.gif

Ya, non-comp is ok if you die die want to get, even if the yields are very bad.
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its ok for me this batch. its my FD allocation.
funds port over from Msia.

BTW DEC SSB is what?

This post has been edited by elea88: Nov 23 2023, 08:51 AM
elea88
post Nov 23 2023, 10:36 AM

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QUOTE(TOS @ Nov 22 2023, 08:36 PM)
Student planning for marriage 8-10 years later. laugh.gif

Thanks to SSB, Cheng hu will fund my wedding laugh.gif

Ya, non-comp is ok if you die die want to get, even if the yields are very bad.
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wow thanks for info on SSB..

10 years wei.. i dunno i am alive then or not.

maybe park some with my girl for her wedding fund in 10 yrs time too
elea88
post Nov 23 2023, 08:47 PM

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QUOTE(TOS @ Nov 23 2023, 02:23 PM)
Yes, can redeem anytime. Penalty is 2 SGD processing fee. (Both buying and selling will incur 2 SGD charges, only way to avoid is don't buy in the first place or wait till maturity when the principal is credited to your account)
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so means its a 10 yrs thing. but if.. for whatever reason i need the funds. i just need incur 2sgd to take it out right? how about the interest that i collected earlier. need give back?
elea88
post Nov 23 2023, 09:40 PM

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QUOTE(TOS @ Nov 23 2023, 08:50 PM)
Yes, as evangelion said, you submit request for a refund, the money will be refunded to you at the end of the next month. 2 SGD charges for early redemption.

Interests collected earlier is yours, no need to give anything back to MAS. In fact, MAS will pay you accrued interests between the last coupon payment date and the end of the month in which you submitted your redemption request.
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oh then not bad wei.. the projected interest is .. projected or guaranteed?
sorry i am so new to this.

i got my CIMB sg FD due in Dec.. but not in time for the Dec 1 dateline.
elea88
post Nov 28 2023, 09:33 PM

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QUOTE(TOS @ Nov 28 2023, 03:00 PM)
SSB Dec 2023 results out:

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

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you manage to get?
elea88
post Nov 28 2023, 09:37 PM

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QUOTE(TOS @ Nov 28 2023, 09:36 PM)
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.
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i did not apply. totally forgotten.

So will go for the next T bills
elea88
post Nov 30 2023, 06:17 PM

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QUOTE(TOS @ Nov 30 2023, 04:08 PM)
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.
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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.
elea88
post Dec 1 2023, 09:04 PM

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QUOTE(evangelion @ Dec 1 2023, 02:07 PM)
How long have you been with ibkr? Any issue?
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many many many years.. no issue so far
elea88
post Dec 12 2023, 05:06 PM

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QUOTE(TOS @ Dec 12 2023, 01:07 PM)
Hehe me too. I have about the same asset allocation. T-bills and SSB plus FD/risk-free asset is about 75% of my portfolio as well.
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but u are so young.. take some risk la...
elea88
post Dec 14 2023, 09:01 AM

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QUOTE(TOS @ Dec 12 2023, 05:19 PM)
Cannot find girlfriend already a damn big risk... bangwall.gif

Not gonna play with my money anytime soon... After all, my SGD salary can grow at a rate just a tad below S&P 500 earnings growth, so I already beat the market on a risk-adjusted basis. biggrin.gif
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next T-bills hmm whats the guess interest as interest rates set to decline
elea88
post Dec 17 2023, 09:50 PM

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QUOTE(TOS @ Dec 14 2023, 09:05 AM)
You can follow the rates published by primary dealers here: https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

I will be going back to Penang this Saturday and travel to Fukuoka thereafter. Will be back in SG on 3rd Jan 2024. So, no Bloomberg screenshots available for the next round of T-bill bidding on the 19th of Dec. tongue.gif
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have a HAPPY HAPPY holiday to you...
elea88
post Dec 22 2023, 10:10 PM

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next t-bill will be 6 mths and 1 yr
elea88
post Jan 3 2024, 09:04 PM

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QUOTE(TOS @ Jan 3 2024, 05:54 PM)
6M T-bill auction closes at 9 pm today.

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.62% - 3.68% p.a.

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


Onshore SGD implied yield based on same condition as above: 3.91-3.95% p.a.

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


MAS published last bid quote (by primary dealers) of BS23125H maturing 25 June 2024: 3.77% p.a.

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

Offshore yield comes down a bit, onshore seems holding steady. Looking at above figures, I will bid 3.70% p.a. This time I bid 3000 SGD from OCBC. Pay rise should be effective from this month. smile.gif
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for a young kid in SG.. how many % of yr salary u save? 50%..60%?
elea88
post Jan 16 2024, 11:38 AM

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6mths T-BILL closing soon..

1 yr T-BILL coming up.
elea88
post Jan 17 2024, 07:49 PM

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QUOTE(TOS @ Jan 17 2024, 06:46 PM)
6M T-bill auction closes at 9 pm today.

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.65% - 3.70% p.a.

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


Onshore SGD implied yield based on same condition as above: 3.95-3.99% p.a.

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


MAS published last bid quote (by primary dealers) of BS24100F maturing 9 July 2024: 3.76% p.a.

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

Both offshore and onshore yield go up by around 5 basis points from last round. Looking at above figures, I will bid 3.70% p.a. This time I bid 1000 SGD from OCBC, no more money liao lol all in earlier T-bills.
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i also bid 3.7% anything less better go buy OCBC BANK shares..
elea88
post Jan 18 2024, 10:06 PM

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QUOTE(TOS @ Jan 18 2024, 09:53 PM)
Unfortunately I fall into the other "approximately 49%" competitive application at COY. So, my bid was unsuccessful and the money is returned.

Hope the others here who bid at 3.70% had better luck!
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i got half only.
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