What happened?
Many investors in the
Beansprout community seem to be pleased with the latest 6-month Singapore T-bill result. The cut-off yield on the
6-month Singapore T-bill auction (BS24105X) was at 3.78%, steady from the
yield of 3.80% in the previous auction. This was despite the
fall in fixed deposit rates and
government bond yields in recent weeks. Let us find out what is driving the resilience in the yield on the Singapore T-bill. Source: MAS
Here’s what we learnt from the latest Singapore T-bill auction
#1 – Demand for Singapore T-bills recovered
The total amount of applications for the 6-month Singapore T-bill rose to S$14.4 billion from
S$12.4 billion in the previous auction. This would be the first increase in the demand for the 6-month Singapore T-bill after it fell for two consecutive auctions. The total amount of applications would also be one of the highest on record. The...