Dear readers, BS24100F is the first 6-month T-bill for the brand new year 2024.
Let us look at the key details of BS24100F as follows:
Auction date: 4 Jan 24
Issue date: 9 Jan 24
Maturity date: 9 Jul 24
I believe many savers and investors will be interested at the interest rate (cut-off yield) for the 1st 6-month T-bill for Year 2024.
Let us take a look at the cut-off yields of recent 6-month T-bills as below.
BS23125H, auction date: 20 Dec 23; cut-off yield of 3.73% per annum.
BS23124Z, auction date: 7 Dec 23; cut-off yield of 3.74% per annum.
BS23123Z, auction date: 23 Nov 23; cut-off yield of 3.80% per annum.
BS23122F, auction date: 8 Nov 23; cut-off yield of 3.75% per annum.
BS23121A, auction date: 26 Oct 23; cut-off yield of 3.95% per annum.
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.
Following US Federal Reserves’ decision to pause interest rate hikes, many believe that interest rates are now at their peaks, to be followed by interest rate cuts next year.
A similar trend could be noted for the 6-month T-bills, with interest rates peaking at around 3.74% or 3.73%. I believe interest rates of 6-month T-bills will go down in tandem with interest rates. As such, I would give a lower cut-off yield of 3.60% per annum for BS24100F.
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