So… the next T-Bills auction is on 26 Oct (Thursday).
As you would recall – 2 auctions ago T-Bills went as high as 4.07%.
Then after that, demand for T-Bills soared, and yields dropped to 3.87%.
What will happen the next auction?
Will we see interest rates cross 4.0% again?
Are T-Bills still worth buying vs other options like Fixed Deposit or Singapore Savings Bonds?
Let’s dive in.
Next T-Bills auction is on 26 Oct (Thursday) – (BS23121E 6-Month T-bill)
First off – next 6 months T-Bills auction is on 26 Oct 2023 (Thurs).
If you’re applying in cash do apply by 9pm on 25 Oct 2023 (Wed)
For CPF-OA you’ll want to get it done by 24 Oct 2023 (Tues).
What is the estimated yield on the next 6-month T-Bills auction? (BS23121E 6-Month T-bill)
T-Bills trade at 3.85% on the open market
6-month T-Bills are pretty much unchanged.
Trading at 3.85% on the open market....
