{"id":8573,"date":"2023-02-24T14:23:00","date_gmt":"2023-02-24T06:23:00","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=8573"},"modified":"2024-04-02T13:33:51","modified_gmt":"2024-04-02T05:33:51","slug":"singapore-savings-bond","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/","title":{"rendered":"The Unspoken Risk With Singapore Savings Bond &#038; Treasury Bills"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"714\" data-attachment-id=\"13303\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/guide-cash-plus-guaranteed-sgd-usd\/eugenia-clara-pfqo_qk9f5e-unsplash\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash.jpg\" data-orig-size=\"1920,1338\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"eugenia-clara-Pfqo_Qk9F5E-unsplash\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-300x209.jpg\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-1024x714.jpg\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-1024x714.jpg\" alt=\"\" class=\"wp-image-13303\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-1024x714.jpg 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-300x209.jpg 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-768x535.jpg 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-1536x1070.jpg 1536w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-696x485.jpg 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-1068x744.jpg 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-603x420.jpg 603w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash-100x70.jpg 100w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/08\/eugenia-clara-Pfqo_Qk9F5E-unsplash.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2>Table of Contents<\/h2>\n<ul>\n<li><a href=\"#risk-of-playing-too-safe\">The risks of playing it too safe with SSBs and T-bills<\/a><\/li>\n<li><a href=\"#stocks-and-bonds-historically-outperformed-cash\">Stocks and bonds have historically outperformed cash<\/a><\/li>\n<li><a href=\"#what-to-do-with-excess-cash\">What to do with your excess cash<\/a><\/li>\n<li><a href=\"#the-takeaway\">The takeaway<\/a><\/li>\n\n<\/ul>\n<hr>\n\n\n\n<p>2022 has been a challenging year for investors. The S&amp;P 500 is down about 22% to date while bonds &#8211; typically seen as ballast for equity-heavy portfolios &#8211; have dropped about 14%.<\/p>\n\n\n\n<p>In the midst of such volatility, many investors have flocked to the safety of cash and cash-like instruments such as Treasury bills (T-bills) and <a href=\"https:\/\/www.syfe.com\/magazine\/should-you-invest-in-singapore-savings-bonds-ssb\/\">Singapore Savings Bonds (SSB)<\/a>.<\/p>\n\n\n\n<p>And why not? The yields on both assets have been increasing amid <a href=\"https:\/\/www.syfe.com\/magazine\/6-things-a-singapore-investor-should-know-about-the-fed-rate-hikes\/\">rising interest rates<\/a>. For instance, the latest SSB issue offers a 10-year average annual return of 3.21% while the 6-month T-bill issued in September reached a 3.32% cut-off yield.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"risk-of-playing-too-safe\"><strong>The risks of playing it too safe&nbsp;<\/strong><\/h2>\n\n\n\n<p>SSBs and T-bills offer capital protection and guaranteed returns, attributes which are valuable in these uncertain times. No one doubts their place as part of a well-diversified investment portfolio.<\/p>\n\n\n\n<p>But while this approach may be \u201csafe\u201d in that it shields you from short-term market downturns, moving<em> <\/em>substantial amounts to cash may actually be damaging in the longer term. That\u2019s because the rates paid on SSBs and T-bills are unlikely to keep pace with rising inflation.&nbsp;<\/p>\n\n\n\n<p>Singapore\u2019s core inflation rose to 5.1% in August 2022 on a year-on-year basis, driven mainly by higher prices of food and services. The rate was higher than the 4.8% reported for July. Meanwhile, headline inflation rose to 7.5% year-on-year in August.<\/p>\n\n\n\n<p>If inflation remains stubbornly high and the yields on SSBs and T-bills continue to lag behind Singapore\u2019s inflation rate, the value of your cash will erode over time.<\/p>\n\n\n\n<p>What happens if inflation moderates? Interest rates would likely fall, and the yield on future issues of SSBs and T-bills would drop in tandem. For example, before the pandemic, the average 10-year annual return for each monthly SSB issue was 2.38% in 2018 and 2.05% in 2019.&nbsp;<\/p>\n\n\n\n<p>Are such returns good enough for your future goals? <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"stocks-and-bonds-historically-outperformed-cash\"><strong>Stocks and bonds have historically outperformed cash<\/strong><\/h2>\n\n\n\n<p>For long-term investors, there\u2019s value in sticking with a diversified portfolio of stocks and bonds. That\u2019s because stocks and bonds have historically outperformed cash. The world experienced four global recessions between 1970 and 2021, but the total returns (income and price appreciation) for stocks and bonds still outstripped that of cash.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8575\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/historical-total-returns\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/10\/historical-total-returns.png\" data-orig-size=\"1146,1200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"historical-total-returns\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/10\/historical-total-returns-287x300.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/10\/historical-total-returns-978x1024.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/10\/historical-total-returns-978x1024.png\" alt=\"The Unspoken Risk With Singapore Savings Bond &amp; Treasury Bills\" class=\"wp-image-8575\" width=\"579\" height=\"598\"\/><figcaption><em>Past performance is not a guarantee of future returns. Benchmark indices for the asset classes: S&amp;P 500 index (U.S. Large-Cap Stocks), MSCI EAFE Index (International Large-Cap Stocks), Bloomberg Barclays U.S. Aggregate Bond Index (U.S. Investment-Grade Bonds), and Citigroup 3-Month U.S. Treasury Bill Index (Cash Investments). Source: Charles Schwab<\/em><\/figcaption><\/figure>\n\n\n\n<p>Market volatility can be upsetting. But before you exit your investments and flee to cash, consider this. Stock markets will fluctuate in the short-term but they tend to <a href=\"https:\/\/www.syfe.com\/magazine\/market-volatility-is-normal\/\">trend upwards over time<\/a>. Moreover, market advances have historically occurred more frequently &#8211; and in greater magnitude &#8211; compared to declines.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"13983\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/screenshot-2023-11-15-at-4-38-03-pm\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM.png\" data-orig-size=\"1252,1048\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screenshot-2023-11-15-at-4.38.03-PM\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-300x251.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-1024x857.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-1024x857.png\" alt=\"\" class=\"wp-image-13983\" width=\"613\" height=\"512\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-1024x857.png 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-300x251.png 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-768x643.png 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-696x583.png 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-1068x894.png 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM-502x420.png 502w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-15-at-4.38.03-PM.png 1252w\" sizes=\"auto, (max-width: 613px) 100vw, 613px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-to-do-with-excess-cash\"><strong>What to do with your excess cash<\/strong><\/h2>\n\n\n\n<p>Say you\u2019ve decided that your current investment portfolio is attuned to your overall risk appetite and investment goals, and you\u2019re committed to staying invested.&nbsp;<\/p>\n\n\n\n<p>But you\u2019re wondering what to do with your excess cash. Here are some considerations that can guide your decision.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>What are your reasons for holding cash?<\/li><li>How liquid do you need your funds to be?<\/li><li>What returns do you need your cash to provide?<\/li><\/ul>\n\n\n\n<p>For example, if you\u2019re just looking for a place to park your cash untouched for six months to one year, T-bills can be attractive in the current environment.<\/p>\n\n\n\n<p>If you need to be able to withdraw your funds quickly &#8211; to use as \u201cdry powder\u201d for attractive investment opportunities or for unexpected emergencies &#8211; consider cash management accounts. <a href=\"https:\/\/www.syfe.com\/cash-plus\">Syfe Cash+ Flexi<\/a> for instance, offers a projected return of 3.7% p.a. along with same-day withdrawals. Moreover, the projected rate will <a href=\"https:\/\/www.syfe.com\/magazine\/cash-projected-rates-raised-to-2-3-p-a\/\">automatically adjust higher<\/a> as interest rates continue to rise.<\/p>\n\n\n\n<p>But if you need higher returns than what cash instruments can provide, consider putting some excess cash to work in investments that meet your personal risk tolerance and return expectations.<\/p>\n\n\n\n<p>For moderate-risk investors, <a href=\"https:\/\/www.syfe.com\/magazine\/guide-to-dividend-investing\/\">dividend-paying stocks or REITs<\/a> might be a worthwhile addition to your core portfolio. They typically provide <a href=\"https:\/\/www.syfe.com\/magazine\/1000-month-passive-income-in-singapore\/\">passive income<\/a> while offering some capital gains.<\/p>\n\n\n\n<p>Able to stomach higher risk? The sell-off in stocks could be an opportunity for long-term investors to buy more stocks of <a href=\"https:\/\/www.syfe.com\/magazine\/top-10-on-syfe-trade-tesla-apple-alphabet-grab-meta\/\">quality companies<\/a> at a discount.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/11\/azoYF4cFvVlIW5eCWkmjKLwMZQHFT0p5NujhuLVHhT08LU1C4uZvF3b4trIwswzj4UeoILh44-rK7wN3Lxatybi0boLycaE0FOh1f5KSzyCQs0r2PSQKH-kEHx8F1opRiqY5ssvlgkgQldDH1mcdLJtHSDQ7ODAPvojjcs1v7uHmb5XZpcT4OiSsWQ.png\" alt=\"\" width=\"718\" height=\"423\"\/><figcaption>YTD performance of S&amp;P 500 stocks, as of 7 Oct 2022. Source: Finviz<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-takeaway\"><strong>The takeaway<\/strong><\/h2>\n\n\n\n<p>Cash should form part of your portfolio, but not dominate it.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.syfe.com\/core\">diversified investment portfolio<\/a> containing stocks, bonds, and alternatives like REITs and commodities can help you build wealth more effectively &#8211; as long as you\u2019re prepared to think long-term.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button td_btn_large\"><a class=\"wp-block-button__link has-background\" href=\"https:\/\/syfe.onelink.me\/diya\/x2gsfyn5\" style=\"background-color:#fa3336\">Invest for your future<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks and bonds have historically outperformed cash<\/p>\n","protected":false},"author":3,"featured_media":13329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,287],"tags":[],"class_list":{"0":"post-8573","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-grow-wealth","8":"category-investing-basics"},"acf":{"readingTime":"","authorName":"Eliezer Toh","authorThumbnail":false,"BLUE_TIER":"0","BLACK_TIER":"0","GOLD_TIER":"0","PRIVATE_WEALTH_TIER":"0","PRE_AML":"0","POST_AML":"0","NO_GLOBAL_PORTFOLIO":"0","NO_REITS_PORTFOLIO":"0","NO_EQUITY_PORTFOLIO":"0","NO_CASH_PORTFOLIO":"0","HAS_ADVISOR":"0","INVESTMENT_PORTFOLIO_AUM":"0","AFTER_AML_DATE":"","AFTER_ACCOUNT_CREATED_DATE":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Unspoken Risk With Singapore Savings Bond &amp; Treasury Bills | Syfe<\/title>\n<meta name=\"description\" content=\"Assets such as singapore savings bond might be \u201csafer\u201d, but it can actually be damaging in the longer term. Read to learn why that is the case\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Unspoken Risk With Singapore Savings Bond &amp; Treasury Bills\" \/>\n<meta property=\"og:description\" content=\"Stocks and bonds have historically outperformed cash\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Connect\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-24T06:23:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T05:33:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2266\" \/>\n\t<meta property=\"og:image:height\" content=\"1897\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Syfe Singapore\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Syfe Singapore\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\"},\"author\":{\"name\":\"Syfe Singapore\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c\"},\"headline\":\"The Unspoken Risk With Singapore Savings Bond &#038; Treasury Bills\",\"datePublished\":\"2023-02-24T06:23:00+00:00\",\"dateModified\":\"2024-04-02T05:33:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\"},\"wordCount\":810,\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg\",\"articleSection\":[\"Grow Wealth\",\"Investing Basics\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\",\"url\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\",\"name\":\"The Unspoken Risk With Singapore Savings Bond & Treasury Bills | Syfe\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg\",\"datePublished\":\"2023-02-24T06:23:00+00:00\",\"dateModified\":\"2024-04-02T05:33:51+00:00\",\"description\":\"Assets such as singapore savings bond might be \u201csafer\u201d, but it can actually be damaging in the longer term. Read to learn why that is the case\",\"breadcrumb\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage\",\"url\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg\",\"contentUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg\",\"width\":2266,\"height\":1897},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.syfe.com\/magazine\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Unspoken Risk With Singapore Savings Bond &#038; Treasury Bills\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#website\",\"url\":\"https:\/\/www.syfe.com\/magazine\/\",\"name\":\"Connect\",\"description\":\"Helping you take charge of your financial future\",\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.syfe.com\/magazine\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\",\"name\":\"Syfe Pte Ltd\",\"url\":\"https:\/\/www.syfe.com\/magazine\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2019\/05\/logo_black.png\",\"contentUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2019\/05\/logo_black.png\",\"width\":550,\"height\":240,\"caption\":\"Syfe Pte Ltd\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c\",\"name\":\"Syfe Singapore\",\"description\":\"Syfe is an investment platform offering managed portfolios, brokerage services, and cash management solutions to help investors build wealth for a better future. The Syfe SG content team comprises industry professionals with backgrounds spanning across wealth management, quantitative finance, global markets, personal finance, and more, and strives to provide thought leadership and timely analysis to readers.\u00a0\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Unspoken Risk With Singapore Savings Bond & Treasury Bills | Syfe","description":"Assets such as singapore savings bond might be \u201csafer\u201d, but it can actually be damaging in the longer term. Read to learn why that is the case","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/","og_locale":"en_US","og_type":"article","og_title":"The Unspoken Risk With Singapore Savings Bond & Treasury Bills","og_description":"Stocks and bonds have historically outperformed cash","og_url":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/","og_site_name":"Connect","article_published_time":"2023-02-24T06:23:00+00:00","article_modified_time":"2024-04-02T05:33:51+00:00","og_image":[{"width":2266,"height":1897,"url":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","type":"image\/jpeg"}],"author":"Syfe Singapore","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Syfe Singapore","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#article","isPartOf":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/"},"author":{"name":"Syfe Singapore","@id":"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c"},"headline":"The Unspoken Risk With Singapore Savings Bond &#038; Treasury Bills","datePublished":"2023-02-24T06:23:00+00:00","dateModified":"2024-04-02T05:33:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/"},"wordCount":810,"publisher":{"@id":"https:\/\/www.syfe.com\/magazine\/#organization"},"image":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage"},"thumbnailUrl":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","articleSection":["Grow Wealth","Investing Basics"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.syfe.com\/magazine\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/","url":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/","name":"The Unspoken Risk With Singapore Savings Bond & Treasury Bills | Syfe","isPartOf":{"@id":"https:\/\/www.syfe.com\/magazine\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage"},"image":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage"},"thumbnailUrl":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","datePublished":"2023-02-24T06:23:00+00:00","dateModified":"2024-04-02T05:33:51+00:00","description":"Assets such as singapore savings bond might be \u201csafer\u201d, but it can actually be damaging in the longer term. Read to learn why that is the case","breadcrumb":{"@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#primaryimage","url":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","contentUrl":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","width":2266,"height":1897},{"@type":"BreadcrumbList","@id":"https:\/\/www.syfe.com\/magazine\/singapore-savings-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.syfe.com\/magazine\/"},{"@type":"ListItem","position":2,"name":"The Unspoken Risk With Singapore Savings Bond &#038; Treasury Bills"}]},{"@type":"WebSite","@id":"https:\/\/www.syfe.com\/magazine\/#website","url":"https:\/\/www.syfe.com\/magazine\/","name":"Connect","description":"Helping you take charge of your financial future","publisher":{"@id":"https:\/\/www.syfe.com\/magazine\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.syfe.com\/magazine\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.syfe.com\/magazine\/#organization","name":"Syfe Pte Ltd","url":"https:\/\/www.syfe.com\/magazine\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.syfe.com\/magazine\/#\/schema\/logo\/image\/","url":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2019\/05\/logo_black.png","contentUrl":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2019\/05\/logo_black.png","width":550,"height":240,"caption":"Syfe Pte Ltd"},"image":{"@id":"https:\/\/www.syfe.com\/magazine\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c","name":"Syfe Singapore","description":"Syfe is an investment platform offering managed portfolios, brokerage services, and cash management solutions to help investors build wealth for a better future. The Syfe SG content team comprises industry professionals with backgrounds spanning across wealth management, quantitative finance, global markets, personal finance, and more, and strives to provide thought leadership and timely analysis to readers.\u00a0"}]}},"jetpack_featured_media_url":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","jetpack_sharing_enabled":true,"category":"Grow Wealth","authorName":"Syfe Singapore","thumbnail":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1-150x150.jpg","featuredImage":"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/02\/anil-nallamotu-WuNDnKzqYCc-unsplash-1.jpg","_links":{"self":[{"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/posts\/8573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/comments?post=8573"}],"version-history":[{"count":30,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/posts\/8573\/revisions"}],"predecessor-version":[{"id":15486,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/posts\/8573\/revisions\/15486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/media\/13329"}],"wp:attachment":[{"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/media?parent=8573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/categories?post=8573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.syfe.com\/magazine\/wp-json\/wp\/v2\/tags?post=8573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}