The closing yield on the 6-month Singapore T-bill is at 3.61%, below the cut-off yield in the previous auction. What happened? There’s another 6-month Singapore T-bill auction (BS24104T) that’s coming up on 29 February. This means that there will be three 6-month T-bill auctions this month (also thanks to the leap year). After the cut-off yield rebounded in the previous auction, many T-bill investors are hoping that the yield will rise further. 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 yield on the Singapore T-bill rise further? #1 – US bond yields have risen further US government bond yields have rebounded sharply in recent weeks. This came about after hotter-than-estimated US inflation led investors to moderate expectations that the Fed will cut rates soon. According to the CME Fedwatch tool, investors are now largely expecting...