2.57% August 2018 SSB issuance

The latest round of SSB interest rates came as a surprise. While the short term interest rates went up by 0.06%, the long term interest rates actually fell by the same number.

Frankly, I was expecting both figures to go north after the last issuance, but I guess that was wishful thinking on my part. Still I think the latest issuance still meets the expectations of most investors and that the latest tranche will be over subscribed.

Aug_18_SSB

Comparing the with the last SSB issuance, it seems like most holders can still subscribe to the latest issuance, but with a time horizon of 6 years, before the bond begins to underperform the last issuance.

2018 Jul vs Aug SSB Compare

Here is an incomplete list of the past SSB issuances.

 

2 thoughts on “2.57% August 2018 SSB issuance

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