Dear readers, let us take a look at BS23119H , the upcoming 6-month T-Bill!
The key details of the T-Bill are as follows:
Auction Date: 28 Sep 23
Issue Date: 3 Oct 23
Maturity Date: 2 Apr 24
Before we take a look at a possible cut-off yield of BS23119H, let us take a look at the cut-off yields of previous T-bills as below.
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
If we are to take a look at the cut-off yields of the T-bills from BS23113V in July 2023 to BS23117F in Aug 23, the trend of the cut-off yield is a downtrend. However, there is a turning point in the most recent T-bill, BS23118F: there is an increase in cut-off yield from 3.70% per annum from the preceding BS23117F T-bill.
Hence, I expect the cut-off yield of BS23119H 6-MONTH to show again a slight increase to 3.75% per annum! If my expectation is correct, this 3.75% per annum cut-off yield is again a very decent return to investors!
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