Retail bond update (Aug 2019)

In April this year, I highlighted the opportunity to buy Oxley retail bond with 1.5 year tenor with an annualized yield of almost 10%. See http://wealthlions.com/2019/04/retail-bond-opportunities-apr-2019/

4 months later, buying the same bond now will only return a only an annualized yield of 4.5%. This is a reminder to strike while the iron is hot!

There is no clear discount for retail bonds at the moment. The prices are at fair value. With the higher chance of SGD interest rates going down in the next 1 year, I think prices of retail bonds will stay high.


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