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 What we learnt from the latest 6-month Singapore T-bill auction #1 - Demand for Singapore T-bill reached a new record high...