The allotment results for Dec 2022 Singapore Savings Bond are out!
It is heartening to find out that the allotment limit is SGD 14,000 as this tranche has been less oversubscribed with more total quantum on offer as compared to previous month.
$1B of bonds are offered and there are $1.7B worth of total applications.
I applied for $10k and was allocated all. For investors who applied more, they will get $14k or at most $14.5k.
I think the average yield for Jan 2023 tranche may be higher than Dec 2022 but remain below 4%. Furthermore, the next round of interest rate hike by the Fed will take place on 14 Dec 2022 after details of Jan 2023 SSB are announced on 1 Dec 2022.
Nonetheless, I currently hold $80k of SSB and will continue to subscribe for SSB in next year.
An individual holding limit for SSB is $200k and I target to hit $150k by end of 2023.
Thanks for reading. Invest safe and remain focused as always.
With love & peace,
Qiongster
No comments:
Post a Comment