Adulting and investing go hand in hand and most investments require a long-term horizon. Enter treasure bills (T-bills), which are short-term Singapore Government Securities (SGS) issued at a discount to their face value.
If you haven’t heard, T-bills have been very well-received lately. In fact, The Business Times revealed that the latest 10 November 2022 auction saw individual investors making over 92,000 bids – some for more than S$1 million.
Not quite sure what T-bills are? We’ve got you covered. Read on to find out everything you need to know.
What are T-bills?
T-bills are fully backed by the Government of Singapore. They are also known as zero coupon bonds as no coupons will be issued. Instead, T-bills are issued at a discount to the face value that pay a fixed rate of interest. Upon maturity of the bond, investors will receive the full face value....