The closing yield on the 6-month Singapore T-bill was at 3.01% on 17 October.
What happened
Investors appear to be getting mixed signals about the Singapore T-bill recently.
On one hand, we saw the cut-off yield for the previous 6 month Singapore T-bill rebounding to 3.06% in the auction on 10 October.
On the other hand, the cut-off yield for latest 1-year Singapore T-bill fell sharply to 2.71% in the auction on 17 October.
With the next 6-month Singapore T-bill auction (BS24121A) coming up on 24 October 2024, I have seen questions in the Beansprout community about whether it is still worthwhile applying for the T-bill.
As such, I decided to find out what the latest indicators are telling us about the potential yield on the upcoming T-bill auction.
Source: MAS
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