The closing yield on the 6-month Singapore T-bill is at 3.70%, below the cut-off yield in the previous auction. What happened? There seems to be more investors looking at the Singapore T-bill recently. After all, the cut-off yield for the T-bill had rebounded to 3.80% in the previous auction. This led many to ask if we might see the cut-off yield rise further in the upcoming Singapore T-bill auction (BS24105X) on 14 March 2024. Let us look at the latest indicators to find out what to expect in the upcoming 6-month Singapore T-bill auction. Source: MAS Will the T-bill yield rise further in the auction on 14 March? #1 – US bond yields have declined US government bond yields have fallen in the past week after rebounding in the month of February. This came after Fed Chairman Jerome Powell indicated that we are still likely to see rate cuts in 2024....