A few days ago, my wife suddenly asked me a question on how to apply for MAS Treasury bills. I was rather stunned by her query as she is normally very conservative and the most complicated "investment" she is willing to go into on her own initiative is fixed deposit. Her forage into equities came only after very extensive persuasion and efforts from me. Anyway, turns out that her colleagues were all obsessed with placing money into fixed deposits and subscribing for Treasury bills these days. The 6 month Treasury bill for this upcoming 2nd half October 2022 tranche is expected to be approximately 4% financing rate which is a far cry from the pathetic low rates in the previous years.

Treasury bills (T-bills) are short-term Singapore Government Securities (SGS) issued at a discount to their face value. Investors receive the full face value at maturity. The Government issues 6-month and 1-year T-bills.