I have idle funds lying in SRS account earning meagre 0.1%.
Great opportunity costs incurred from waiting on the sidelines to add investment for local banks such as OCBC or UOB shares into my ultra long-term SRS portfolio.
The share prices of local banks have no sign of weakening in the short-term hence I decided to deploy the idle SRS funds into either this month's Singapore savings bonds (SSB) or Treasury Bills.
As the auction date for latest tranche of T-Bill is on 21 Dec 2022, compared to closing dateline of SSB on 27 Dec 2022, I decided to try my luck to auction for this tranche of T-Bill, a short-term government debt security with 6 month tenor, fully backed by the Singapore government and having an AAA credit rating.
The issue date is on 27 Dec 2022 and maturity date is on 27 Jun 2023. Results will be out on 21 Dec 2022, 1pm.
There it goes.
There is no admin fee for internet banking applications unlike SSB.
Frankly, I do not have much confidence in getting it as I believe this round of applications is overwhelming and there are many low-ballers using CPF OA funds. Thus, i do look forward to a failed application, getting back my funds to apply for SSB next week.
Thanks for reading. Stay focused and remain steadfast as always!
With love & peace,
Qiongster
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