T-bill yield falls further to 3.9%! Here’s what we learnt from the latest allotment result
By Beansprout  •  November 24, 2022
What happened? There’s something that investors in Singapore have been looking out closely for in recent weeks. And no, it’s not the World Cup. Many in the Beansprout community were eagerly awaiting the latest 6-month T-bill auction, especially after the yield came down in the previous auction. Disappointingly, the yield came down further to 3.9% p.a. in the latest auction on 24 November (BS22123S). We decided to take a closer look into why the yield has continued to decline. Source: MAS What we learnt from the T-bill auction results

#1 – Fall in demand for T-bills

Firstly, it is clear that the level of subscriptions for T-bills came down this auction. The total amount of subscriptions fell to S$11.9 billion from S$14.2 billion in the previous auction. The amount of non-competitive bids came down to about S$2.5 billion from S$3.6 billion in the previous auction. That’s a decline of about S$1.1 billion....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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