The latest SSB issuance is out, and is frankly not that exciting. Overall, the interest rates have remained fundamentally the same. The overall yield has fallen by 0.02% from the previous month and the 1-year yield is down by 0.01%.
Nothing fancy about the issuance, but investor’s who have a time horizon of 2 years for the bond can note that the 2-year yields are slightly higher than the last issuance.
I think the bond issuer’s are fully cognizant about how the SSB’s are not supposed to be “high yielding” investments. Especially since there have been reports of falling savings rate in the banks. Not a surprise either since their interest rates are so low.
Here is an incomplete list of the past SSB issuances.