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Weekly recap: T-bill yield declines with higher demand
By Beansprout  •  November 12, 2023
Many T-bill investors were disappointed to see the cut-off yield on the 6-month T-bill fall to 3.75% in the latest auction. The decline in T-bill yield came amidst a fall in global bond yields and higher demand compared to the previous auction.  This led to questions on whether we should grab the current high interest rates while they last.  Thankfully, the best 6 and 12 month fixed deposit interest rates have been maintained at 3.60% per annum. The current issuance of the Singapore Savings Bonds also offer an attractive 10-year average return of 3.40%, one of the highest on record.  Also, the interest rates on savings accounts have also been kept at fairly high levels for now.   After you have made the most of the 11/11 promos, why not spend some time this long weekend to make your savings work harder too?  Source: Bloomberg. Price as of market close...
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By Beansprout
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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