A Singapore Treasury Bill issue (BS23118S) will be auctioned on Thursday, 14th September 2023.
If you wish to subscribe successfully, get your order via Internet banking (Cash, SRS, CPF-OA, CPF-SA) or in person (CPF) by 13th September.
You can view the details at MAS here.
In the past, I have shared with you the virtues of the Singapore T-bills, their ideal uses, and how to subscribe to them here: How to Buy Singapore 6-Month Treasury Bills (T-Bills) or 1-Year SGS Bonds.
In the last issue announced two weeks ago and recently concluded, the current t-bills traded at a yield of 3.73%. In the end, the cut-off yield for the t-bill ended higher at 3.70%.
For the second time, if you select a non-competitive bid, you may be pro-rated the amount you bid and would yield 3.70%. If you would like to ensure you secured all that you bid, it will be better to select a competitive bid, but you need to get your bid right....