Some of you in the Telegram Group have asked whether the 1-year T-Bills are a better buy instead of 6 month T-Bills. Do note that there are only 4 1-year T-Bills available for auction each year (once a quarter). And the next 1-year T-Bills auction is coming up on 27 July 2023. So investors who want to lock in yields for a year should definitely keep a lookout.

Estimated Yields on the July 1-year T-Bills?

That said – the 1-year T-Bills tends to be quite popular. They are especially popular with CPF-OA investors, because it allows you to lock in the yields for 1-year, and it minimises lost CPF-OA interest. So the past few 1-year T-Bills have all closed below market yields (the most recent auction closed at 3.58%). The 1-year T-Bills trade at 3.62% on the open market. If we assume this holds...