As most of you would know by now.
There are four 1-year T-Bills a year, and the next one is coming on 25 Jan.
Given expectations over interest rate cuts in 2024.
1-year T-Bills might be a good way to lock in interest rates going forward, if you don’t need the liquidity.
Especially for CPF-OA buyers, as you minimise the lost interest from rolling over 6-month T-Bills.
Couple of questions to discuss:
- What is the estimated yield on the next 1-year T-Bills?
- Should you buy 6-month or 1-year T-Bills? What about for CPF-OA buyers?
- Are money market funds a better buy than T-Bills?
Next 1-year T-Bills auction is on 25 Jan (Thursday) – (BY24100T 1-Year T-bill)
First off – next
1-year T-Bills auction is on 25 Jan (Thurs).
This means that:
- If you’re applying in cash do apply by 9pm on 24 Jan (Wed)
- If you’re applying using CPF-OA do apply by 23 Jan (Tue)
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