Dear readers, let us take a look at BS23120A , the upcoming 6-month T-Bill!
The key details of the T-Bill are as follows:
Auction Date: 12 Oct 23
Issue Date: 17 Oct 23
Maturity Date: 16 Apr 24
Before we take a look at a possible cut-off yield of BS23120A, let us take a look at the cut-off yields of previous T-bills as below.
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
For recent tranches of the 6-month T-bill, the interest rate (i.e. cut-off yield) has certainly increased: from 3.70% per annum for BS23117F all the way to above 4.07% per annum for the most recent BS23119H T-bill.
In fact, I believe many savers are equally surprised that the interest rate of the most recent T-bill can actually go beyond 4% per annum and this to me is a pivotal moment in Singapore’s saving scene.
With the momentum, I predict a continual increase in cut-off yield (interest rate) of BS23120A T-bill and I projected the interest rate to be 4.10% to 4.20% per annum!
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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