So the next 6-month T-Bills auction is on 11 April. After closing as high as 4.07% in late 2023. T-Bills yields then dropped as low as 3.54%. In the most recent auction however, T-Bills recovered to 3.80%. Bank fixed deposit rates have been steadily declining of late – so at 3.80%, 6-month T-Bills offer a much higher yield than bank Fixed Deposits. So I wanted to discuss a couple of questions:

1. What is the estimated yield on the next 6-month T-Bills auction?
2. Are T-Bills a much better buy than money market funds or fixed deposits?
3. Where to park cash today?

  Next T-Bills auction is on 11 April (Thurs) – (BS24107N 6-Month T-bill) First off – next 6 months T-Bills auction is on 11 April (Thurs). Do note that because of the Hari Raya Public Holiday, the T-Bills application needs to go in by 9pm on 9 April 2024 (Tuesday). Deadline for CPF-OA applications is same as cash applications? I’ve noticed recently that with DBS, the deadline for CPF-OA applications (via...