The closing yield on the 6-month Singapore T-bill was at 2.41%.
What happened?
The next 6-month Singapore T-bill auction (BS25108N) will be coming up on 24 April 2025.
In the previous auction, the cut-off yield for the 6-month Singapore T-bill declined to 2.50%.
The cut-off yield on the 1-year Singapore T-bill also fell to 2.29% recently.
If you're wondering if it might be still worthwhile investing in the T-bill, I will share some of the latest indicators to find out what might be the cut-off yield for the upcoming T-bill auction.
Source: MAS
Here's what to expect for the Singapore T-bill auction on 24 April
#1 – US bond yields have fallen
The 10-year US government bond yield has dropped to 4.29% as of 17 April, from a peak of around 4.50% last week.
Following the sharp sell-off in US government bonds after sweeping tariffs were announced by US President Donald Trump, there appears to be some signs of stabilisation in the market....