T-bill yield rebounds to 3.85%. What’s driving the increase?
By Beansprout  •  May 25, 2023
The Singapore 6-month T-bill’s cut-off yield reached 3.85% in the latest auction, higher than the yield of 3.78% in the previous auction. What happened? Many investors were happy to learn that the cut-off yield for the latest 6-month T-bill auction on 25 May 2023 rose to 3.85% p.a. The increase in the T-bill yield is in contrast to the fall in fixed deposit rates we have seen recently. Let’s take a look to understand what led is driving the higher cut-off yield for the 6-month T-bill. Source: MAS What we learnt from the latest T-bill auction #1 – Increase in applications for the 6-month T-bill The total amount of applications for the latest T-bill was at S$12.2 billion, rising from S$12.0 billion in the previous auction. The increase in demand was seen across both competitive and non-competitive bids. The amount of competitive bids increased to S$10.8 billion from S$10.7 billion in the previous auction....
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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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