Singapore Savings Bonds applications up 65% amid uncertainty, higher yields

Article by The Business Times
9 May 2022

Demand for Singapore Savings Bonds (SSBs) has risen to the highest it has been since July 2019, as yields continue on an upward trend. Lena, Head, Solutions/Lead, Investment, commented on the article that the increase in demand for SSBs is due to investors’ crumbling confidence in equities following a combination of factors, including the war in Ukraine, extended lockdowns in China, and their impact on the global supply chain, and forecasted recession in the US. It also mentions her observation that this “flight to safety behaviour” was also prevalent in 2018 and 2019, when fears of a trade war between the US and China stirred market instability. 

Share this

More of MoneyOwl in the Media

Stay informed on our latest updates and happenings.