Dear readers, the auction result of BS23123Z 6-Month T-bill was announced yesterday.
The cut-off yield? 3.8% per annum, which is slightly below my projected cut-off yield of 3.86% per annum, as per shared in a previous post.
If you can note from the list of recent issues of the 6-month T-bill, not just the interest rates (cut-off yields) are not easy to predict, in fact the trend is not easy to project as well.
The above goes to show that the macro environment is uncertain throughout this year.
BS23123Z, auction date: 23 Nov 23; cut-off yield of 3.80% per annum.
BS23122F, auction date: 8 Nov 23; cut-off yield of 3.75% per annum.
BS23121A, auction date: 26 Oct 23; cut-off yield of 3.95% per annum.
BS23120A, auction date: 12 Oct 23; cut-off yield of 3.87% per annum.
BS23119H, auction date: 28 Sep 23; cut-off yield of 4.07% per annum.
BS23118F, auction date: 14 Sep 23; cut-off yield of 3.73% per annum.
BS23117F, auction date: 31 Aug 23; cut-off yield of 3.70% per annum.
BS23116F, auction date: 17 Aug 23; cut-off yield of 3.73% per annum.
BS23115E, auction date: 3 Aug 23; cut-off yield of 3.75% per annum
BS23114A, auction date: 20 Jul 23; cut-off yield of 3.85% per annum
BS23113V, auction date: 6 Jul 23; cut-off yield of 3.99% per annum
BS23112N, auction date: 22 Jun 23; cut-off yield of 3.89% p.a. per annum
BS23111W, auction date: 8 Jun 23; cut-off yield of 3.84% p.a. per annum
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