So the next 6-month T-Bills auction is on 25 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 closed at 3.75% yield. Bank fixed deposit rates have been steadily declining of late – so at 3.75%, 6-month T-Bills offer a much higher yield than bank Fixed Deposits. Just this week though, Jerome Powell effectively came out and said that we may see less rate cuts in 2024 due to strong US inflation – and we may see this drive T-Bills yields up. 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 better buy than money market funds or fixed deposits?
3. Where to park cash today?

Next T-Bills auction is on 25 April (Thurs) – BS24108V 6-Month T-bill First off – next 6 months T-Bills auction is on 25 April (Thurs). This means that:

• For cash or SRS applications, the deadline is

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