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!

6-Month T-bill, 5-Year SGS Bond and 20-Year SGS Bond are open for application.

SGS Benchmark Yields (Yield Curve) - 23 Feb 2024

Tenor6-Month1-Year2-Year5-Year10-Year15-Year20-Year30-Year50-Year
Yield (%)3.613.463.283.083.163.153.113.013.01

Source: Daily SGS Prices (MAS)

6-Month T-bill

AnnouncementAuctionIssueMaturityCodeStatusCut-Off Yield (%)Cut-Off Price
07 Feb 202415 Feb 202420 Feb 202420 Aug 2024BS24103HClosed3.6698.175
22 Feb 202429 Feb 202405 Mar 202403 Sep 2024BS24104TOpen
07 Mar 202414 Mar 202419 Mar 202417 Sep 2024BS24105XUpcoming
20 Mar 202427 Mar 202402 Apr 202401 Oct 2024BS24106WUpcoming
03 Apr 202411 Apr 202416 Apr 202415 Oct 2024BS24107NUpcoming
18 Apr 202425 Apr 202430 Apr 202429 Oct 2024BS24108VUpcoming

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

1-Year T-bill

AnnouncementAuctionIssueMaturityCodeStatusCut-Off Yield (%)Cut-Off Price
18 Jan 202425 Jan 202430 Jan 202428 Jan 2025BY24100TClosed3.4596.559
11 Apr 202418 Apr 202423 Apr 202422 Apr 2025BY24101XUpcoming

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2-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
23 Jan 202429 Jan 202401 Feb 202401 Jun 2026ReopenNX16100FClosed3.0498.314
23 May 202429 May 202403 Jun 202401 Nov 2026ReopenN521100VUpcoming

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5-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
20 Jul 202327 Jul 202301 Aug 202301 Aug 2028NewN523100WClosed2.9699.608
21 Feb 202427 Feb 202401 Mar 202401 Sep 2027ReopenN522100NOpen
20 Mar 202426 Mar 202401 Apr 202401 Apr 2029NewN524100XUpcoming

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10-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
20 Jun 202327 Jun 202303 Jul 202301 Sep 2033ReopenNZ13100VClosed3.05103.956
22 Apr 202426 Apr 202402 May 202402 May 2034NewNX24100TUpcoming

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15-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
22 Mar 202329 Mar 202303 Apr 202301 Jul 2039ReopenNZ19100SClosed2.8095.085
23 Jul 202429 Jul 202401 Aug 202401 Jul 2039ReopenNZ19100SUpcoming

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20-Year SGS Bond

AnnouncementAuctionIssueMaturityNew/ReopenCodeStatusCut-Off Yield (%)Cut-Off Price
22 Mar 202329 Mar 202303 Apr 202301 Apr 2042ReopenNA12100NClosed2.8099.282
21 Feb 202427 Feb 202401 Mar 202401 Mar 2046ReopenNA16100HOpen

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30-Year SGS Bond

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

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50-Year SGS Bond

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

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Full Auctions and Issuance Calendar (MAS)