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?

Not sure need to open a new topic but since this is about Singapore Savings Bond, a close relative to this is called Spore T-bill. How it works is below

1. Every 2 weeks Spore govt issue a new/reopen T-bill of 6 months maturity
2. Retail investors can participate by applying. During apply there is competitive and non-competitive bids. Why this work is becuz the 'interest' (they call cutoff yield) of the T-bill is not known in advance. It will only be known once the auction has taken place. The auction involve some primary dealer banks bidding.
3. Once the auction results is out, up to 40% of the T-bill size is first given to ppl on non-competitive bids. If over then pro-rated. The remaining 60% will be alloted to those who place competitive bids. The upcoming 09 Jun 2022 size is 4.1 billion of which 1.64 billion will be for non-competitive bids to get FIRST before the rest is alloted to the competitive bids for those with lowest to the cutoff yield onwards. Compared to SSB latest of only 350 million this T-bill size is so much larger so chance of not getting is lower?

E.g Auction result come out is 1%. Minimum invest is 1000. So you get $10/2 = $5 since it is for 6months. You then hold the T-bill in your CDP until 6 months later mature return you back your $1000. The $5 is your discount for the T-bill but I think of it as upfront interest like Maybank FD. Put get interest already a few days later

Pro and con
1. Cannot redeem each month like SSB. You can sell in secondary market but may lose capital
2. No need pay $2 for apply like SSB. I test using POSB,DBS mobile app
3. You get your "interest" upon know auction results few days later. That is the discount you get actually
4. No 200k SSB limit but per auction limit at 1 million

The last 26 May 2022 auction result is 1.80% for 6 months.

Not sure need to open a new topic but since this is about Singapore Savings Bond, a close relative to this is called Spore T-bill. How it works is below

1. Every 2 weeks Spore govt issue a new/reopen T-bill of 6 months maturity
2. Retail investors can participate by applying. During apply there is competitive and non-competitive bids. Why this work is becuz the 'interest' (they call cutoff yield) of the T-bill is not known in advance. It will only be known once the auction has taken place. The auction involve some primary dealer banks bidding.
3. Once the auction results is out, up to 40% of the T-bill size is first given to ppl on non-competitive bids. If over then pro-rated. The remaining 60% will be alloted to those who place competitive bids. The upcoming 09 Jun 2022 size is 4.1 billion of which 1.64 billion will be for non-competitive bids to get FIRST before the rest is alloted to the competitive bids for those with lowest to the cutoff yield onwards. Compared to SSB latest of only 350 million this T-bill size is so much larger so chance of not getting is lower?

E.g Auction result come out is 1%. Minimum invest is 1000. So you get $10/2 = $5 since it is for 6months. You then hold the T-bill in your CDP until 6 months later mature return you back your $1000. The $5 is your discount for the T-bill but I think of it as upfront interest like Maybank FD. Put get interest already a few days later

Pro and con
1. Cannot redeem each month like SSB. You can sell in secondary market but may lose capital
2. No need pay $2 for apply like SSB. I test using POSB,DBS mobile app
3. You get your "interest" upon know auction results few days later. That is the discount you get actually
4. No 200k SSB limit but per auction limit at 1 million

The last 26 May 2022 auction result is 1.80% for 6 months.

You can... reinvest those funds into new issues of T-bills...and wait for the next downturn... 

They call it "laddering". The most conservative bond investment strategy.

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I have been looking at short-term deposit solutions to solve the "6-month-too-long" issue.

I presume you are in SG most of the time? If so, you can open as many SG FD accounts as you like with the banks found via this tool: https://sgfd.neocities.org/

And last time mentioned about MAS Bill via institutions, that's one avenue to consider too.

Recently, I am looking at USD FD deposits. DBS/UOB has USD FD deposits for short tenures of 1-3 months. The minimum deposit is 5k USD (UOB) and 5k SGD (DBS). You can use IBKR-DBS Remit to move money in and out in USD and other currencies. But you may only do so once a month due to IBKR's monthly withdrawal limit.

You are very rich... That's 13k SGD in total at the minimum...

Why didn't you wait until today's MAS Bill auction results out and check their bids first?

Seriously, that's how you bid for something in an auction? ...

Ok lah, but I think 4.4% looks more reasonable. 20bp behind current yield, similar to past issue. We will see today's results soon.

bros,... if you are bidding for 4.4%, why not you buy : FPTREA 4.49%270916XB# ?

The above is now giving out more than 4.49% yield since the price is below the par value of $1.00 now.

With the Feds soon to pivot,... or least pause,... the price won't drop much anymore.

If truly same yield, then obviously, the SG Govt's one.

But I would not under-rate Frasers' credit rating here. And secondly, Frasers offers a slightly higher effective rate now since the bond price is below $1.00,...

The Frasers Green Bond is 'continuous' for the next few years and will not leave me exposed with money in my hands after the next 6 mths, unlike the T-Bill which will return my money in 6-mths time.

4-week 3.8% cut-off, 12-week 4.6% cut-off.

It is interesting to note 12-week median is 4.33% p.a. while average is 3.85%. So 50% of institutions bid between 4.33% and 4.6% for a 3-month bill.

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-11

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-11

Tomorrow gonna bid 4.7%!

MAS seems to have trouble producing the bid results...

Normally it's available between 1 to 2 pm. This time maybe CPF hot money flowing in...

Guess my 4.7% will not make it with those kiasu kiasi CPF monies bidding low...

Wahh, bros,... 4% only,... AND LOCKED FOR 6 MONTHS. Might as well go for SSB,....

And bloody CPI Reading for October was just released. Only 7.7%,... below the 7.9% consensus. So,.. stocks will fly tmrw,.... bad for me. Bad for us,....

The difference this time compared to the last round is,.. the allocated amt this time is $1bil,... correct me if I'm wrong,... last mth,... this amt to be 'given out' was just $800mil,... So,.. maybe can get allocated 10K units again, because more people might be applying.

Yeah,... I'll use 15K to enter too,...

Tq bro,...

I keyed-in the codes 'SR4M' and 'SR7M', said the codes are not valid, bro,...

These codes are the promo codes under the screen called : 'Place Fixed Deposit', right ?

Firstly,.. wanna thank bros TOS and Ikanbilis here for the help,...

Yes, I used my iPhone app,... keyed-in your code just now and got the 'Not Valid' reply,... maybe becos it's Saturday today, bros ? I saw somewhere,.. can't put FDs for Saturdays and Sundays,...

Ahh,... if early withdrawal, got penalty,... then dangerous,...  ,... THANK YOU for the heads-up, bro TOS.....