Projected for Dec 2026 issue
Next SSB rate — projection
1.73% year 1
2.49% 10y average
Provisional · 1 of ~20 trading daysApply 02 Nov 2026 – 25 Nov 2026 · Issued 01 Dec 2026
Computed from the October 2026 average of daily SGS benchmark yields using MAS's published rate formula. MAS announces the actual rate when applications open in November. This projection refreshes daily and stabilises once the reference month closes.
Issue details
- Application opens:
- 02 Nov 2026, 6pm
- Application closes:
- 25 Nov 2026, 9pm
- Expected issue date:
- 01 Dec 2026
- Reference window:
- 01 Oct 2026 – 31 Oct 2026 (1 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 currently-open GX26110X issue is shown alongside.
| Year | Coupon | Avg return if held to end of year | ||
|---|---|---|---|---|
| Projected | Current (GX26110X) | Projected | Current (GX26110X) | |
| Year 1 | 1.73% | 1.67% | 1.73% | 1.67% |
| Year 2 | 2.26% | 2.00% | 1.99% | 1.83% |
| Year 3 | 2.40% | 2.19% | 2.13% | 1.95% |
| Year 4 | 2.43% | 2.35% | 2.20% | 2.05% |
| Year 5 | 2.53% | 2.49% | 2.26% | 2.13% |
| Year 6 | 2.66% | 2.61% | 2.32% | 2.21% |
| Year 7 | 2.69% | 2.70% | 2.37% | 2.27% |
| Year 8 | 2.72% | 2.79% | 2.41% | 2.33% |
| Year 9 | 2.79% | 2.91% | 2.45% | 2.39% |
| Year 10 | 2.92% | 3.08% | 2.49% | 2.45% |
How accurate is this?
We backtested the same projection code against the last 133 MAS-published SSB issues (2015-09 to 2026-09).
Year-1 coupon
100%
within ±3bp · mean error 0.08bp
10y average return
0.15bp
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.