SGS bond yields today: 2.46% on the 10-year
Singapore Government Securities pay a fixed coupon twice a year and are backed by the Singapore Government. Yields run from 1.78% on the 2-year to 2.64% on the 50-year.
What the whole curve looks like
Closing bid yields quoted by SGS primary dealers, across every tenor MAS publishes. Longer bonds pay more because you lock your money up for longer.
SGS yield curve by tenor. Source: MAS. Closing levels as of 11 Sep 2026. Hover a point for detail.
Every SGS benchmark bond
Each tenor has one benchmark bond. The coupon is the cash it pays; the yield is what you earn if you buy at today's market price and hold to maturity.
| Tenor | Yield | 1-day | Coupon | Price | Maturity | Issue code |
|---|---|---|---|---|---|---|
| 2-year | 1.78% | +6 bps | 2.875% | 102.03 | 1 Aug 2028 | N523100W |
| 5-year | 2.11% | +7 bps | 1.625% | 97.81 | 1 Jul 2031 | NX21100N |
| 10-year | 2.46% | +6 bps | 2.250% | 98.20 | 1 Aug 2036 | NZ16100X |
| 15-year | 2.50% | +6 bps | 2.250% | 97.12 | 1 Jul 2040 | NY25200N |
| 20-year | 2.43% | +5 bps | 2.375% | 99.09 | 1 Aug 2046 | NZ26300E |
| 30-year | 2.48% | +4 bps | 3.250% | 115.34 | 1 Jun 2054 | NA24300E |
| 50-year | 2.64% | +4 bps | 3.000% | 109.68 | 1 Aug 2072 | NC22300W |
Closing levels as of 11 Sep 2026 · Source: MAS. Yields are bid rates quoted by SGS primary dealers; price is per SGD 100 of principal.
What would an SGS bond pay you?
Coupons are paid twice a year. Interest on SGS is not taxable for individuals in Singapore, and there is no capital gains tax.
Minimum SGD 1,000, in multiples of SGD 1,000.
Estimates assume you hold to maturity and take coupons as cash. Interest on SGS is not taxable for individuals in Singapore, and Singapore has no capital gains tax.
The latest auction, and the next one
MAS sells SGS bonds by uniform price auction — every successful bidder pays the same cut-off price, whatever they bid.
Latest auction result
Coupon 1.625% p.a., issued 1 Jul 2026, matures 1 Jul 2031. Uniform price auction — all successful bids paid 99.404.
Next scheduled auction
Applications for auctions close before the auction date and cut-off times vary by bank — check your bank’s deadline. Auction purchases can use cash, SRS or CPFIS.
SGS bonds, T-bills and Savings Bonds
All three are backed by the Singapore Government. They differ in how long your money is committed and how easily you can get it back.
| SGS bond | T-bill | Savings Bond (SSB) | |
|---|---|---|---|
| Term | 2 to 50 years | 6 months or 1 year | Up to 10 years |
| Interest | Fixed coupon, paid twice a year | No coupon — sold at a discount | Step-up, paid twice a year |
| Minimum | SGD 1,000 | SGD 1,000 | SGD 500 |
| Getting money back early | Sell on the market at prevailing price | Sell on the market at prevailing price | Redeem any month, no penalty |
| Price risk if you sell early | Yes — price moves with rates | Yes, but small (short term) | None — always get principal back |
| Buy with cash / SRS / CPF | Auctions: all three. Syndicated issues: cash only | Cash, SRS, CPFIS | Cash and SRS |
Source: MAS. CPFIS and SRS eligibility depends on the issue and your agent bank — check before applying.
Buying an SGS bond, in three steps
Pick the tenor
Decide how long you can leave the money. Longer bonds pay a higher yield but their price swings more if you sell early.
Apply through a bank
Apply for auctions via DBS/POSB, OCBC or UOB — ATM, internet banking or the app — with cash, SRS or CPFIS. Minimum SGD 1,000.
Collect the coupons
Interest lands in your account twice a year. Hold to maturity to get your principal back in full, or sell on SGX or at a bank branch before then.
Important Disclaimer
For educational and informational purposes only. This page shows Singapore Government Securities (SGS) benchmark yields, auction results and issuance details published by the Monetary Authority of Singapore (MAS). Benchmark yields are closing bid rates quoted by SGS primary dealers and are indicative — the price you actually pay or receive depends on your bank or broker and on market conditions at the time you deal. Calculator results are estimates based on the benchmark yield or coupon shown and assume the bond is held to maturity with coupons taken as cash.
No warranty of accuracy. While Money Snap takes reasonable care to source figures from official authorities (MAS, IRAS), this page is provided "as is" without any express or implied warranty as to accuracy, completeness, timeliness, or fitness for any particular purpose. SGS yields move every business day and auction results are set fresh at each auction — the figures shown may be out of date. Bond prices fall when yields rise, so selling before maturity can return less than you invested.
Not financial advice. Information provided is general in nature only and does not take into account your personal objectives, financial situation, or needs. Results do not constitute financial, tax or legal advice and use of this page does not create an advisory relationship. Confirm the latest figures on the MAS website and the relevant offer documents, and obtain advice from a financial adviser licensed by the Monetary Authority of Singapore before deciding.
Limitation of liability. To the maximum extent permitted by law, Money Snap accepts no liability for any loss, damage, cost, or expense — direct or indirect — arising from reliance on this page or the information it produces. Users are responsible for verifying all figures with the relevant authority before relying on them. Use of this page is subject to our Terms of Use.