What happened?
The Beansprout community was eagerly awaiting results of the 6-month T-bill auction this afternoon. The results would typically come out a few hours after the auction closes at noon. However, we did not see any updates on the MAS website even at close of business. Shortly after 7pm, there was finally an update by the MAS. The cut-off yield of the 6-month T-bill auction on 10 November was at 4.00% p.a., lower than the 4.19% yield in the auction on 27 October. Beansprout takes a look the reasons behind the lower yields this time even as global interest rates are rising.<img src="https://growbeansprout.com/strapi-uploads/image_e5ddcad26c.png" alt="Table Description automatically generated">
Source: MAS
What we learnt from the latest T-bill allotment results
#1 – Surge in demand for T-bills
It became clear soon enough why there was a delay in the T-bill auction results. There were over 95,000 bids for the latest...
