Dear readers, where can you obtain a 3.95% per annum cut-off yield?
Well, the auction result of latest 6-month Treasury Bill, BS23121E was released today and the cut-off yield was 3.95% per annum.
This yield is definitely a decent one, given that the return of the preceding 6-month T-bill, BS23120A was 3.87% per annum. The yield was however lower than the 4.07% per annum cut-off yield of BS23119H.
Also, the 6-month T-bill, BS23113V with auction date of 6 Jul 23, returned a yield of 3.99% per annum, also higher than the cut-off yield of BS23121E.
Let us revisit the cut-off yields of recent T-bills as follows:
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
As we can note from above, 3.95% per annum is still very decent interest rate.
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