The cut-off yield on the latest 6-month Singapore T-bill auction on 9 May fell to 3.7%.
What happened?
There was much discussion about the latest Singapore T-bill auction in the Beansprout community today.
The cut-off yield for the 6-month Singapore T-bill auction (BS24109A) on 9 May was at 3.7%, a slight decline from 3.74% in the previous auction.
This would mark the third consecutive decline in the cut-off yield on the 6-month T-bill, after it reached a recent high of 3.8% on 27 March.
Many investors were interested to find out why the yield on the T-bill has fallen, even as the US Federal Reserve has kept interest rates unchanged in its latest meeting.
Let us find out why the yield on the Singapore T-bill has declined in the latest auction.
Source: MAS
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