The cut-off yield for the latest 6-month Singapore T-bill on 16 January fell to 2.99%.
What happened?
The results for the latest 6-month Singapore T-bill auction are out.
The cut off yield for the 6-month Singapore T-bill (BS25101F) auction on 16 January was at 2.99%, representing a decline from the cut-off yield of 3.05% in the previous T-bill auction on 2 January.
I saw a fair bit of discussion in the Beansprout Telegram community about the T-bill auction result after it came out.
In this post, I will dive deeper into the most recent 6-month Singapore T-bill allotment result to find out what led to the fall in the yield.
Source: MAS
What we learnt from the latest 6-month Singapore T-bill auction
#1 - Demand for the Singapore T-bill surged
The total applications for the 6-month Singapore T-bill amounted to S$18.4 billion, an increase from S$13.7 billion in the previous auction.
This represents a record high amount of T-bill applications, surpassing the...