1-year T-bill yield rebounds to 3.58%. Why the bounce?
By Beansprout  •  April 18, 2024

What happened?

Like many others, I was eagerly anticipating the result of the 1-year Singapore T-bill auction today. I was glad to see that the cut-off yield on the 1-year T-bill (BY24101X) rose to 3.58% in the latest auction on 18 April 2024.  The higher cut-off yield may not come as a surprise to some investors in the Beansprout community.   After all, we have seen the T-bill yield rebounding in the past few weeks. The yield on the latest 6-month Singapore T-bill has also remained elevated at 3.75%.  Source: MAS   The cut-off yield of 3.58% would be higher than the previous 1-year T-bill auction in January, and similar to the yield in the auction in April 2023. image.png Source: MAS   Let us dive deeper to understand more about what is driving the higher yield on the 1-year T-bill.
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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