Dear readers, BS23124S is the upcoming 6-month T-bill (Treasury Bill). Key details of the T-bill are below:
Auction date: 7 Dec 23
Issuance date: 12 Dec 23
Maturity date: 11 Jun 24
I believe top on savers’ and investors’ minds are just how much the interest rate (cut-off yield) of BS23124S will be. They will likely take reference from the cut-off yield of the most recent 6-month T-bill, BS23123Z, which closed at 3.80% per annum.
The highest cut-off yield for 6-month T-bill was 4.07% per annum, for BS23119H T-bill with an auction date of 28 Sep 23.
As for the lowest, 3.70% per annum was the lowest, for the BS23117F T-bill with an auction date of 31 Aug 23.
As such, I believe the cut-off yield of BS23124S will be between 3.70% per annum to 4.07% per annum, based on the above statistics. Narrowing down the band, I predict a 3.75% to 3.90% range for BS23124S T-bill.
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