SSB - Confirming the prediction of SSB and should we only buy SSB at deadline day?
As mentioned at my previous post - SSB - PREDICTING FUTURE SSB INTEREST RATES , the OCT SSB will be lower to 2.70%.
The OCT SSB had been released at 1st Sep and the rate is 2.75%
That is 0.5% more than the prediction, why?
Looking at the Aug yield
the average is 2.745% which round up to 2.75%. This matched the newly announced offer.
In conclusion, if you care about marginal percentage offered by SSB, you should only buy SSB as close to the deadline as possible.
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