The cut-off yield on the latest Singapore T-bill auction on 4 July fell to 3.7%.
What happened?
The auction results for the first Singapore 6-month T-bill auction for the second half of the year are out.
The cut-off yield for the 6-month Singapore T-bill auction (BS24113N) on 4 July fell to 3.7% from 3.74% in the previous auction.
This would represent the second consecutive decline in the cut-off yield for the 6-month Singapore T-bill.
Thereafter, I saw a discussion in the Beansprout community on the reasons driving the lower yield.
In this post, I will be sharing more about why the cut-off yield for the Singapore T-bill fell.
Source: MAS
What we learnt from the latest 6-month Singapore T-bill auction
#1 - Demand for the Singapore T-bill remained strong
The total amount of applications for the 6-month Singapore T-bill rose to S$15.6 billion from S$15.5 billion in the previous auction....
