The closing yield on the 1-year Singapore T-bill of 1.35% is below the 6-month T-bill yield. However, investors of the 1-year T-bill may face lower re-investment risks. What happened? The yield on the 6-month Singapore T-bill has fallen over the past few months. The cut-off yield on the most recent 6-month T-bill (BS25120N) was at 1.44%, significantly lower than where it was at the start of the year. At the same time, fixed deposit rates in Singapore have declined in recent months too. As such, I've seen fewer discussions in the Beansprout community about where is the best place to park cash for higher yields - T-bills, fixed deposits or SSBs? With the recently opened 1-year Singapore T-bill auction (BY25103W) on 8 October 2025, I will be looking at some of the latest indicators to find out if it is worthwhile applying for the 1-year Singapore T-bill as a way to generate passive income....