What happened?
After we shared our thoughts on the upcoming 6-month Singapore T-bill auction, we received many questions on whether we would apply for the 6-month T-bill or 1-year T-bill.
Many of you have probably noticed that there will be an upcoming 1-year Singapore T-bill (BY24100T) auction on 25th January.
This would mean the auction would take place just 1 week after the 6-month Singapore T-bill auction on 18th January.
For those of us who are looking to make out savings work harder, it would make sense to find out whether the 6-month or 1-year T-bill would allow us to earn a higher potential interest.
Let us look at what the indicators are telling us to find out!
Source: MAS
Will the yield on the 1-year T-bill be higher than the 6-month T-bill?
The closing yield on the 1-year Singapore T-bill has been at 3.75% over the past week, based on daily market prices published by the MAS....