The 6-month T-bill yield and fixed deposit rates declined further. It’s getting harder to find ways to earn a high yield on our cash savings. The cut-off yield on the latest 6-month Singapore T-bill auction fell sharply to 3.54% as demand surged. This follows a decline in the cut-off yield on the 1-year Singapore T-bill to 3.45% just a week ago. Likewise, banks have continued to cut their fixed deposit rates in February, with the best 6-month fixed deposit rate now at 3.55%. The good news this week is that the 10-year average return on the latest SSB has rebounded to 2.88%. We find out if it is worthwhile applying for. Source: Bloomberg. Price as of market close on 2 Feb 2024 🏦 FED COOLS RATE CUT EXPECTATIONS What happened?  The US Federal Reserve (Fed) has kept its benchmark rate at 5.25-5.5% as expected. However, investors focused on comments by Fed Chairman Jerome Powell that a March rate cut is unlikely....