What happened? Some investors have asked what the yield on the upcoming 6-month Singapore T-bill auction (BS24102S) on 1 February might be. This came after the cut-off yield on the latest 1-year T-bill fell sharply to 3.45%. We have also seen a decline in the cut-off yield in the previous 6-month T-bill auction to 3.7%. Naturally, many are wondering if we might see a further fall in the yield on the 6-month Singapore T-bill. Let us look at the latest indicators to find out if it might still be worthwhile to subscribe to the upcoming 6-month T-bill. Source: MAS Will the 6-month Singapore T-bill yield fall further? #1 – US government bond yields have moved up After declining sharply in late last year, US government bond yields have rebounded slightly in recent weeks. With the latest economic data showing that the US economy has remained resilient, investors have moderated their expectations of a sharp interest rate cut this year....