{"id":3344,"date":"2025-11-04T00:05:05","date_gmt":"2025-11-03T16:05:05","guid":{"rendered":"https:\/\/www.wealthfor.us\/article\/?p=3344"},"modified":"2025-11-04T00:05:05","modified_gmt":"2025-11-03T16:05:05","slug":"singapore-savings-bond-ssb-dec-2025-10-year-rate-rose-to-1-85","status":"publish","type":"post","link":"https:\/\/www.wealthfor.us\/article\/singapore-savings-bond-ssb-dec-2025-10-year-rate-rose-to-1-85\/","title":{"rendered":"Singapore Savings Bond SSB Dec 2025: 10-Year Rate Rose to 1.85%"},"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=GX25120E&amp;issue_date=2025-12-01\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">issued<\/span><\/a><span style=\"font-weight: 400;\"> the latest SSB Dec 2025 (SBDEC25 GX25120E), with a <\/span><b>first-year rate of 1.35%<\/b><span style=\"font-weight: 400;\"> and a <\/span><b>10-year average rate of 1.85%<\/b><span style=\"font-weight: 400;\">. The slight increase in the 10-year average rate may be a relief to investors, as rates have been declining in recent issuances. With the rate-cut cycle ongoing, should we consider this month\u2019s SSB offering?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Details &amp; Timeline<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3345\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/11\/SSB-Dec-2025-min.png\" alt=\"SSB Dec 2025\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-min.png 1080w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-min-300x300.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-min-1024x1024.png 1024w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-min-150x150.png 150w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-min-768x768.png 768w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This is the first month in a while that we have seen an increase in rates. We finally broke the trend of lower rates with this SSB Dec 2025. The first-year rate of 1.35% is a slight decrease from last month&#8217;s rate, even though the 10-year average rate has risen to 1.85%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the rate has increased this month, the continuation of the rate-cut cycle suggests that downward pressure on rates is likely to persist in the coming months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are interested in this month\u2019s SSB offering, you may take note of the following application timeline:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3346\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/11\/SSB-Dec-2025-Application-Timeline.png\" alt=\"SSB Dec 2025 Application Timeline\" width=\"1210\" height=\"201\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-Application-Timeline.png 1210w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-Application-Timeline-300x50.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-Application-Timeline-1024x170.png 1024w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Dec-2025-Application-Timeline-768x128.png 768w\" sizes=\"auto, (max-width: 1210px) 100vw, 1210px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>How Competitive is SSB Dec 2025?<\/h2>\n<p><span style=\"font-weight: 400;\">Let us examine how this month\u2019s rates compare to the past offerings:<\/span><\/p>\n<figure id=\"attachment_3347\" aria-describedby=\"caption-attachment-3347\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3347\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/11\/SSB-Interest-Rates-History-Dec-2025.png\" alt=\"SSB Interest Rates History Dec 2025\" width=\"670\" height=\"430\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Interest-Rates-History-Dec-2025.png 670w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/SSB-Interest-Rates-History-Dec-2025-300x193.png 300w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\" \/><figcaption id=\"caption-attachment-3347\" 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 historical SSB rates over the past few years. We can observe that the current SSB Dec 2025 rates are comparable to those back in mid 2022, while the rates between mid 2022 through 2025 have been higher. We can safely deduce that the current rates are not historically competitive.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Future Rates<\/h2>\n<p><span style=\"font-weight: 400;\">Well, let the past be the past. How about future rates?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To predict where rates may be heading in the near future, we can follow the guidance from the Federal Reserve&#8217;s FOMC meeting. The Fed just <\/span><a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20251029a.htm\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">cut<\/span><\/a><span style=\"font-weight: 400;\"> its benchmark interest rate by 0.25% in its October FOMC meeting. According to their latest projection, they still expect one additional rate cut this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market agrees with this sentiment and expects one more rate cut this December, followed by further cuts next year.<\/span><\/p>\n<figure id=\"attachment_3348\" aria-describedby=\"caption-attachment-3348\" style=\"width: 573px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3348\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/11\/Market-rates-expectation-Dec-2025.png\" alt=\"Market rates expectation Dec 2025\" width=\"573\" height=\"426\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/Market-rates-expectation-Dec-2025.png 573w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/Market-rates-expectation-Dec-2025-300x223.png 300w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\" \/><figcaption id=\"caption-attachment-3348\" 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;\">If these projections hold, we can also expect SSB rates in the coming months to continue their downward trend following the pace of the rate cuts.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Next Month\u2019s SSB Rates Projection<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For next month&#8217;s SSB rates, we can look at the trend in the 10-year Singapore government bond yield, as its movements typically influence SSB rates.<\/span><\/p>\n<figure id=\"attachment_3349\" aria-describedby=\"caption-attachment-3349\" style=\"width: 825px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3349\" src=\"https:\/\/www.wealthfor.us\/article\/wp-content\/uploads\/2025\/11\/Singapore-government-bond-yield-Dec-2025.png\" alt=\"Singapore government bond yield Dec 2025\" width=\"825\" height=\"326\" srcset=\"https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/Singapore-government-bond-yield-Dec-2025.png 825w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/Singapore-government-bond-yield-Dec-2025-300x119.png 300w, https:\/\/cdn.wealthfor.us\/uploads\/2025\/11\/Singapore-government-bond-yield-Dec-2025-768x303.png 768w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/><figcaption id=\"caption-attachment-3349\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.worldgovernmentbonds.com\/\" target=\"_blank\" rel=\"noopener\">worldofgovernmentbonds.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The chart shows that rates have been declining in the past several months, but saw a slight bump in the last few days. Well, we are still early in the month, and things may continue to move up or down, but if the trend persists, we can expect next month\u2019s SSB to have higher rates. Hooray!<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>What Do We Do?<\/h2>\n<p><span style=\"font-weight: 400;\">We utilize SSB to park our short- to medium-term cash. We love SSB for its long-term tenure while still offering the flexibility of monthly redemption, thus it is suitable for non-urgent cash allocation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We have also migrated all of our T-bill holdings into SSB to lock in the higher rates for up to ten years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because all of our SSB holdings have higher rates than this SSB Dec 2025 rates, unfortunately, we will not be participating this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How about you? 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 issued the latest SSB Dec 2025 (SBDEC25 GX25120E), with a first-year rate of 1.35% and a 10-year average rate of 1.85%. The slight increase in the 10-year average rate may be a relief to investors, as rates have been declining in recent issuances. With the rate-cut cycle ongoing, should we consider this month\u2019s&hellip; <a class=\"more-link\" href=\"https:\/\/www.wealthfor.us\/article\/singapore-savings-bond-ssb-dec-2025-10-year-rate-rose-to-1-85\/\">Continue reading <span class=\"screen-reader-text\">Singapore Savings Bond SSB Dec 2025: 10-Year Rate Rose to 1.85%<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":3352,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,102],"tags":[113],"class_list":["post-3344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-income","category-singapore","tag-reit","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SSB Dec 2025: 10-Year Rate Rose to 1.85%<\/title>\n<meta name=\"description\" content=\"SSB Dec 2025 offers higher rates than last month&#039;s. 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