What happened?

The results of the latest 6-month Singapore T-bill auction are out. The cut-off yield of the 6-month Singapore T-bill (BS26107X) was at 1.47% in the auction on 9 April 2026.  This represents a further increase after the cut off yield rose to 1.46% in the previous 6-month Singapore T-bill auction on 26 March.  I saw that there was more discussion in the Beansprout telegram community about the Singapore T-bill with the higher cut-off yield. In this article, I'll look at what is driving the increase in T-bill yield, as well as how it compares to the best fixed deposit rates in Singapore as a place to park your cash to earn a higher yield.  Source: MAS

What we learnt from the latest 6-month Singapore T-bill auction

#1 - Demand for the Singapore T-bill fell  

Total applications for the 6-month Singapore T-bill fell to S$14.6 billion in...