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T-Bills Auction on 30 March – Estimated Yield of 3.7%? Fixed Deposit or Singapore Savings Bonds a better buy? Must buy with CPF-OA?
By Financial Horse  •  March 26, 2023
Well, that a 2 weeks it has been! With 3 bank failures, Credit Suisse being bought out by UBS, and Feds saying no more rate hikes for 2023. All while 6 month T-Bill yields plunged to 3.65%. So I wanted to discuss 3 key questions: 1) What is the estimated yield on the next 6 month T-Bills Auction? 2) Should you buy T-Bills, Fixed Deposits, or Singapore Savings Bonds at this stage of the cycle? 3) Should you still buy T-Bills with CPF-OA? What is the estimated yield on the next 6 month T-Bills Auction? (30 March 2023) 6 month T-Bills – 3.71% 6 month T-Bills trade at 3.71% on the open market. MAS Bills – 3.93% While the 12 week MAS bills trade at 3.93%. Latest T-Bills auction closed at 3.65% For reference, the most recent T-Bills auction closed at 3.65%. This was the lowest yield since October 2022, and came as a shock to many. You can see how the sharp drop in yields came despite application amounts staying relatively steady:...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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