The closing yield on the 6-month Singapore T-bill was at 1.39% on 30 October 2025. What happened? The next 6-month Singapore T-bill auction (BS25122A) will be on 6 November 2025. After the cut-off yield for the most recent 6-month Singapore T-bill dipped to 1.41%, some of you may be wondering what to expect for the upcoming auction. I’ll look at some of the latest indicators to help us understand what the upcoming cut-off yield might be, and if it will still be worthwhile applying for T-bills as a way to generate passive income. Source: MAS Here's what to expect for the Singapore T-bill auction on 6 November #1 – US bond yields have bounced The 10-year US government bond yield has climbed to above 4% in the past week. This is likely due to the change in tone from the Federal Reserve after the recent meeting on 29 October. After its second straight interest rate cut,  Fed Chairman Jerome Powell cautioned that a December rate cut was 'far from' certain....