{"id":3301,"date":"2025-09-01T22:41:35","date_gmt":"2025-09-01T14:41:35","guid":{"rendered":"https:\/\/www.wealthfor.us\/article\/?p=3301"},"modified":"2025-09-01T22:41:35","modified_gmt":"2025-09-01T14:41:35","slug":"singapore-savings-bond-ssb-oct-2025-10-year-rate-dipped-to-1-93","status":"publish","type":"post","link":"https:\/\/www.wealthfor.us\/article\/singapore-savings-bond-ssb-oct-2025-10-year-rate-dipped-to-1-93\/","title":{"rendered":"Singapore Savings Bond SSB Oct 2025: 10-Year Rate Dipped to 1.93%"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">MAS has <\/span><a href=\"https:\/\/www.mas.gov.sg\/bonds-and-bills\/auctions-and-issuance-calendar\/issuance-singapore-savings-bond?issue_code=GX25100S&amp;issue_date=2025-10-01\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">released<\/span><\/a><span style=\"font-weight: 400;\"> the latest SSB Oct 2025 (SBOCT25 GX25100S).<\/span><b> The first-year rate is 1.56%<\/b><span style=\"font-weight: 400;\">, and <\/span><b>the 10-year average rate is 1.93%<\/b><span style=\"font-weight: 400;\">. Unfortunately, the downward trend in interest rates continues this month. Most investors may be disappointed with these rates as the 10-year rates finally dropped below the 2% mark. Should we consider this month&#8217;s SSB if we have not yet filled our desired SSB allocation?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">SSB Oct 2025 Details<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3302\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/09\/SSB-Oct-2025.png\" alt=\"SSB Oct 2025\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025.png 1080w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-300x300.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-1024x1024.png 1024w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-150x150.png 150w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-768x768.png 768w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This month marks the first time since April 2022 that the 10-year average rate is below the 2% mark. Investors who have been following the SSB rates over the past few years may be disappointed with these rates, as they are relatively lower than those from recent issuances. We are currently in the midst of an interest rate cut cycle, with additional cuts still anticipated throughout the year. As such, further lower SSB rates may be coming in the following several issuances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are interested in this SSB Oct 2025, please take note of the following application timeline:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3304\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/09\/SSB-Oct-2025-application-timeline.png\" alt=\"SSB Oct 2025 application timeline\" width=\"1203\" height=\"209\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-application-timeline.png 1203w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-application-timeline-300x52.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-application-timeline-1024x178.png 1024w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-Oct-2025-application-timeline-768x133.png 768w\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">How Competitive Is SSB Oct 2025?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In short, the current rates are not as competitive as those in past issuances, as rates are in a downtrend. Here is the SSB interest rate historical chart over the past few years:<\/span><\/p>\n<figure id=\"attachment_3305\" aria-describedby=\"caption-attachment-3305\" style=\"width: 660px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3305\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/09\/SSB-interest-rates-history-Sep-2025.png\" alt=\"SSB interest rates history Sep 2025\" width=\"660\" height=\"429\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-interest-rates-history-Sep-2025.png 660w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/SSB-interest-rates-history-Sep-2025-300x195.png 300w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><figcaption id=\"caption-attachment-3305\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.wealthfor.us\/article\/ssb-interest-rate-history\/\">SSB Interest Rates History<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The chart shows the SSB Oct 2025 rates are back to the level we last saw back in mid-2022. So, yeah, unfortunately, they have not been that competitive historically.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But what if we take a closer look and see how they compare to the rates projected for next month? And what about the trend of future rates?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Future Rates Projection<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We can generally anticipate where rates will go in the next several months by following the Federal Reserve&#8217;s projections regarding estimated future rates. The Fed Chair, Jerome Powell, has hinted at a <\/span><a href=\"https:\/\/www.cnbc.com\/2025\/08\/22\/powell-indicates-conditions-may-warrant-interest-rate-cuts-as-fed-proceeds-carefully.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">possible rate cut in the coming September FOMC meeting<\/span><\/a><span style=\"font-weight: 400;\">. Should there be no unforeseen black-swan event, we expect a rate cut to be announced very soon, possibly as early as this September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market also expects a similar rate cut trajectory, with the first rate cut as soon as this September, followed by another rate cut the month after. More rate cuts are expected in 2026.<\/span><\/p>\n<figure id=\"attachment_3306\" aria-describedby=\"caption-attachment-3306\" style=\"width: 527px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3306\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/09\/Market-rates-expectation-Sep-2025.png\" alt=\"Market rates expectation Sep 2025\" width=\"527\" height=\"312\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/Market-rates-expectation-Sep-2025.png 527w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/Market-rates-expectation-Sep-2025-300x178.png 300w\" sizes=\"auto, (max-width: 527px) 100vw, 527px\" \/><figcaption id=\"caption-attachment-3306\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"noopener\">CME Group<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Should this projection hold, we can also expect SSB rates to continue their downward trend throughout this year and next.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As for next month&#8217;s SSB rates, we can estimate them by examining the Singapore government&#8217;s 10-year bond yield in the market. Generally, SSB tracks this bond yield.<\/span><\/p>\n<figure id=\"attachment_3307\" aria-describedby=\"caption-attachment-3307\" style=\"width: 833px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3307\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/09\/Singapore-10-year-bond-yield-chart.png\" alt=\"Singapore 10-year bond yield chart\" width=\"833\" height=\"333\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/Singapore-10-year-bond-yield-chart.png 833w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/Singapore-10-year-bond-yield-chart-300x120.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/09\/Singapore-10-year-bond-yield-chart-768x307.png 768w\" sizes=\"auto, (max-width: 833px) 100vw, 833px\" \/><figcaption id=\"caption-attachment-3307\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.worldgovernmentbonds.com\/\" target=\"_blank\" rel=\"noopener\">worldgovernmentbonds.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The chart above shows the historical data for the Singapore government 10-year bond yield. As we can observe, the rate has been in a massive downtrend since early this year. Should this trend persist, we may continue to see slightly lower rates in the coming month&#8217;s SSB offering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As always, please note that we are still early this month, so rates may further move as the month progresses. Please take this guess just as pure entertainment \ud83d\ude42<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">What Do We Do?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We love SSB as it allows us to lock in interest rates for the next ten years, while still permitting monthly withdrawals without penalty. We have been using SSB to lock in our short- to medium-term cash allocation. We have also migrated all of our T-bills into SSB throughout last year, as we anticipated that interest rates would decline in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because we have filled our desired SSB allocation and our current holdings have higher rates than the SSB Oct 2025 rates, we, unfortunately, will not be participating this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will you be applying this month? If so, follow our step-by-step guide on <\/span><a href=\"https:\/\/www.wealthfor.us\/article\/how-to-buy-ssb\/\"><span style=\"font-weight: 400;\">how to buy SSB<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MAS has released the latest SSB Oct 2025 (SBOCT25 GX25100S). The first-year rate is 1.56%, and the 10-year average rate is 1.93%. Unfortunately, the downward trend in interest rates continues this month. Most investors may be disappointed with these rates as the 10-year rates finally dropped below the 2% mark. Should we consider this month&#8217;s&hellip; <a class=\"more-link\" href=\"https:\/\/www.wealthfor.us\/article\/singapore-savings-bond-ssb-oct-2025-10-year-rate-dipped-to-1-93\/\">Continue reading <span class=\"screen-reader-text\">Singapore Savings Bond SSB Oct 2025: 10-Year Rate Dipped to 1.93%<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":3303,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,102],"tags":[112],"class_list":["post-3301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-income","category-singapore","tag-ssb","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore Savings Bond SSB Oct 2025: 10-Yr Rate at 1.93%<\/title>\n<meta name=\"description\" content=\"SSB rates finally dipped below the 2% mark. 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