The yield on the upcoming 6-month Singapore T-bill auction may be supported by a larger issuance size. What happened? Many have asked it might still be worthwhile applying for the Singapore T-bill. After all, we have seen a consistent decline in the cut-off yield of the 6-month Singapore T-bill to 3.54% in the auction on 1 February. The cut-off yield on the 1-year Singapore T-bill also fell to 3.45% in the auction on 25 January. The next 6-month Singapore T-bill auction (BS24103H) will be on 15 February 2024. Let us look at the latest indicators to find out if it we might see a bounce in the cut-off yield in the upcoming 6-month T-bill auction. Source: MAS Will the 6-month Singapore T-bill yield rebound? #1 – US government bond yields have bounced slightly US government bond yields have moved up slightly in recent weeks, after falling sharply towards the end of 2023. This came after Fed Chairman Jerome Powell indicated that a rate cut in March is unlikely....