Singapore Treasury bills and bonds (T bills and bonds in short) continue to intrigue me as I studied the recent movements. Things started to get interesting around March 2022 when the US Fed started talking about hiking interest rates. The following table depicts our six month T bill movement - issue date and cut off yield, which is the yield we get when we subscribe, fortnite by fortnite (no gaming pun intended).

• 20 Jan 0.48%
• 3 Feb 0.69%
• 17 Feb 0.76%
• 3 Mar 0.78%
• 17 Mar 0.95%
• 31 Mar 1.22%
• 13 Apr 1.32%
• 27 Apr 1.56%
• 11 May 1.69%
• 26 May 1.8%
• 9 Jun 2.04%
• 23 Jun 2.36%
• 7 Jul 2.66%
• 21 Jul 2.93%
• 4 Aug 2.87%
• 18 Aug 2.98%
• 1 Sep 2.99%

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