What happened?
The Singapore T-bill yield has fallen once again. In the auction on 6 November, the cut off yield for the 6-month Singapore T-bill (BS25122A) declined to 1.37% from 1.41% n the previous auction. This follows the interest rate cut by the US Federal Reserve last week. With the recent decline in interest rates on savings accounts and fixed deposits, I have seen more discussion in the Beansprout community about the Singapore T-bill. In this article, I'll look at what is driving the fall in T-bill yield, as well as how it compares to the best fixed deposit rates as a place to park your spare cash. Source: MASStay updated on the next T-bill
