T-bills and SGS Bonds

Besides Singapore Savings Bonds (SSB), you may consider investing in other Singapore Government Securities (SGS) such as Singapore Treasury bills (T-bills) and SGS bonds. Unlike the SSB, T-bills and SGS bonds are sold via auctions. Bidding for T-bills and SGS bonds may seem a little daunting at first, but not if you are equipped with knowledge and data. Bid wisely, and bid like a Pro!

SGS Benchmark Yields (Yield Curve) - 17 Sep 2024

Tenor6-Month1-Year2-Year5-Year10-Year15-Year20-Year30-Year50-Year
Yield (%)3.083.112.272.272.412.462.502.512.51

Source: Daily SGS Prices (MAS)

View by Tenor View by Auction Date

6-Month T-bill

AnnouncementAuctionIssueMaturityCodeStatusCut-Off Yield (%)Cut-Off Price
05 Sep 202412 Sep 202417 Sep 202418 Mar 2025BS24118ZClosed3.1098.454
19 Sep 202426 Sep 202401 Oct 202401 Apr 2025BS24119SUpcoming
03 Oct 202410 Oct 202415 Oct 202415 Apr 2025BS24120VUpcoming
17 Oct 202424 Oct 202429 Oct 202429 Apr 2025BS24121AUpcoming
30 Oct 202407 Nov 202412 Nov 202413 May 2025BS24122EUpcoming

View The Most Recent Issue, Recent 6-Month Yield, Auction Details and Statistics

1-Year T-bill

AnnouncementAuctionIssueMaturityCodeStatusCut-Off Yield (%)Cut-Off Price
18 Jul 202425 Jul 202430 Jul 202429 Jul 2025BY24102WClosed3.3896.629
10 Oct 202417 Oct 202422 Oct 202421 Oct 2025BY24103NUpcoming

View The Most Recent Issue, Recent 1-Year Yield, Auction Details and Statistics

2-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
23 May 202429 May 202403 Jun 202401 Nov 2026ReopenN521100VClosed3.4695.042

View The Most Recent Issue, Recent 2-Year Yield, Auction Details and Statistics

5-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
22 Aug 202428 Aug 202402 Sep 202401 Jul 2029ReopenNY14100EClosed2.56101.912

View The Most Recent Issue, Recent 5-Year Yield, Auction Details and Statistics

10-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
22 Apr 202426 Apr 202402 May 202402 May 2034NewNX24100TClosed3.4699.287

View The Most Recent Issue, Recent 10-Year Yield, Auction Details and Statistics

15-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
23 Jul 202429 Jul 202401 Aug 202401 Jul 2039ReopenNZ19100SClosed3.0292.499

View The Most Recent Issue, Recent 15-Year Yield, Auction Details and Statistics

20-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
21 Feb 202427 Feb 202401 Mar 202401 Mar 2046ReopenNA16100HClosed3.0894.755

View The Most Recent Issue, Recent 20-Year Yield, Auction Details and Statistics

30-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
20 Sep 202327 Sep 202302 Oct 202301 Oct 2051ReopenNA21200WClosed3.1177.031

View The Most Recent Issue, Recent 30-Year Yield, Auction Details and Statistics

50-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
20 Sep 202426 Sep 202401 Oct 202401 Aug 2072ReopenNC22300WUpcoming

View The Most Recent Issue, Recent 50-Year Yield, Auction Details and Statistics

Auctions Calendar

AnnouncementAuctionIssueMaturityTenorTypeCodeStatusCut-Off Yield (%)
22 Aug 202428 Aug 202402 Sep 202401 Jul 20295-YearSGS BondNY14100EClosed2.56
22 Aug 202429 Aug 202403 Sep 202404 Mar 20256-MonthT-billBS24117FClosed3.13
05 Sep 202412 Sep 202417 Sep 202418 Mar 20256-MonthT-billBS24118ZClosed3.10
19 Sep 202426 Sep 202401 Oct 202401 Apr 20256-MonthT-billBS24119SUpcoming
20 Sep 202426 Sep 202401 Oct 202401 Aug 207250-YearSGS BondNC22300WUpcoming
03 Oct 202410 Oct 202415 Oct 202415 Apr 20256-MonthT-billBS24120VUpcoming
10 Oct 202417 Oct 202422 Oct 202421 Oct 20251-YearT-billBY24103NUpcoming
17 Oct 202424 Oct 202429 Oct 202429 Apr 20256-MonthT-billBS24121AUpcoming
30 Oct 202407 Nov 202412 Nov 202413 May 20256-MonthT-billBS24122EUpcoming
14 Nov 202421 Nov 202426 Nov 202427 May 20256-MonthT-billBS24123FUpcoming
28 Nov 202405 Dec 202410 Dec 202410 Jun 20256-MonthT-billBS24124ZUpcoming
12 Dec 202419 Dec 202424 Dec 202424 Jun 20256-MonthT-billBS24125SUpcoming

Full Auctions and Issuance Calendar (MAS)