❄️ Surprise cooling measures
T-bill and SSB demand falls, Meta's positive surprise & KIT preferential offering
The cut-off yield on the 6-month Singapore T-bill rose to 3.83% p.a. in the latest auction this week, as applications fell compared to the previous auction.
Investors in the latest Singapore Savings Bonds (SSBs) were able to get full allotment, as total applications also fell.
With interest in government bonds waning, where are investors putting their money?
Singapore’s property market has been red hot, defying the global property slowdown and recession concerns.
However, some buyers may now take a wait-and-see approach after the latest property cooling measures announced this week.
If you’re looking at more options to park your spare cash, do check out our guide to the best cash management accounts.
Source: Bloomberg. Price as of market close on 28 April
