- Looking at interest rates, the current market bond yield for the Singapore 6-month T-bill is similar to the 1-year T-bill at 3.31% as of 7 October 2022. We’d also need to consider if we want to lock-in interest rates now.
- For Singapore T-bill purchases using CPF OA, the loss of at least one additional month of CPF interest means that it might be more worthwhile to subscribe to the 1-year T-bill, assuming that interest rates are the same.
- There might also be a cap to allotments for non-competitive T-bill bids, as demand for T-bill continues to grow.
- The eventual cut-off yield for the 6-month and 1-year Singapore T-bill will depend on the demand and supply of the T-bill. As such, some have suggested a strategy of splitting the bid across both auctions.
TL;DR
