Dear readers, the details of BS23118S, the upcoming 6-month T-Bill is out today!
The key details of the T-Bill are as follows:
Auction Date: 14 Sep 23
Issue Date: 19 Sep 23
Maturity Date: 19 Mar 24
Before we take a look at a possible cut-off yield of BS23118S, let us take a look at the cut-off yields of previous T-bills as below.
BS23117F, auction date: 31 Aug Jul 23; cut-off yield of 3.70% per annum.
BS23116F, auction date: 17 Aug Jul 23; cut-off yield of 3.73% per annum.
BS23115E, auction date: 3 Aug Jul 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
Clearly from the above date, the cut-off yield of Singapore’s 6-month T-bills is a decidedly south, from 3.99% per annum for July 2023 to 3.70% per annum for the most recent Sep 2023 tranche.
In recent tranches of the 6-month T-bills, the decline in cut-off yields have been 2% to 3% decline. With this in mind, I believe the cut-off yield of f BS23118S will be at 3.68% per annum. And this to me still makes for a decent cut-off yield of short-term T-bill.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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