The cut-off yield for the latest 6-month Singapore T-bill on 24 April declined to 2.38%. 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 (BS25108N) auction on 24 April fell to 2.38% from 2.50% in the previous auction. This follows the fall in the 1-year Singapore T-bill yield to 2.29% earlier, amid a fall in bond yields in recent weeks with the trade tariff uncertainty. In this post, I will dive deeper to find out more about the results of the latest 6-month Singapore T-bill auction. What we learnt from the latest 6-month Singapore T-bill auction #1 - Demand for the Singapore T-bill fell slightly The total applications for the 6-month Singapore T-bill dropped to S$16.6 billion from S$17.2 billion in the previous auction. This represents a fairly elevated level of demand for the T-bill, even though it is lower than the recent high of S$23.3 billion during the auction on 13 February 2025. ...