Projected for Jul 2026 issue
Next SSB rate — projection
1.46% year 1
2.11% 10y average
Provisional · 19 of ~20 trading daysApply 02 Jun 2026 – 25 Jun 2026 · Issued 01 Jul 2026
Computed from the May 2026 average of daily SGS benchmark yields using MAS's published rate formula. MAS announces the actual rate when applications open in June. This projection refreshes daily and stabilises once the reference month closes.
Issue details
- Application opens:
- 02 Jun 2026, 6pm
- Application closes:
- 25 Jun 2026, 9pm
- Expected issue date:
- 01 Jul 2026
- Reference window:
- 01 May 2026 – 31 May 2026 (19 trading days)
Projected step-up coupon schedule
SSB pays a fixed coupon each year that steps up over 10 years. The average return column shows the compounded average if you hold from issue through the end of each year and redeem. For reference, the most recent GX26060N issue is shown alongside.
| Year | Coupon | Avg return if held to end of year | ||
|---|---|---|---|---|
| Projected | Current (GX26060N) | Projected | Current (GX26060N) | |
| Year 1 | 1.46% | 1.46% | 1.46% | 1.46% |
| Year 2 | 1.74% | 1.60% | 1.60% | 1.53% |
| Year 3 | 1.82% | 1.73% | 1.67% | 1.60% |
| Year 4 | 1.86% | 1.87% | 1.72% | 1.66% |
| Year 5 | 1.98% | 2.02% | 1.77% | 1.73% |
| Year 6 | 2.18% | 2.19% | 1.83% | 1.80% |
| Year 7 | 2.34% | 2.36% | 1.90% | 1.88% |
| Year 8 | 2.50% | 2.53% | 1.97% | 1.95% |
| Year 9 | 2.66% | 2.70% | 2.04% | 2.03% |
| Year 10 | 2.82% | 2.87% | 2.11% | 2.11% |
How accurate is this?
We backtested the same projection code against the last 128 MAS-published SSB issues (2015-09 to 2026-04).
Year-1 coupon
100%
within ±3bp · mean error 0.09bp
10y average return
0.16bp
mean error · max 1bp
Normal-curve coupons
99%
within ±3bp across all 10 years
MAS rounds coupons and returns to 2 decimal places (Para 4.6 of the SSB Technical Specs), implying a residual precision floor of a few basis points — close, but never exact.
Not financial advice. We reproduce MAS's published rate-setting formula on publicly available SGS yield data to estimate the next issue's rate before MAS officially announces it. Our numbers can differ from MAS's final published rate — always verify against the official MAS announcement before acting.