Dear readers, the upcoming BS24107N 6-month Singapore T-bill has had high expectations!
Before we deep dive into the reasons behind the high expectations, let us take a look at the key features of the T-bill:
Auction date: 11 Apr 2024
Issue date: 16 Apr 2024
Maturity date: 15 Oct 2024
Based on the cut-off yields of the most recent 6-month T-bills as follows:
BS24106W, auction date: 27 Mar 24; cut-off yield of 3.80% per annum
BS24105X, auction date: 14 Mar 24; cut-off yield of 3.78% per annum
BS24104T, auction date: 29 Feb 24; cut-off yield of 3.80% per annum
it is not hard to understand why there are high expectations for BS24107N T-bill: many savers and potential applicants will have similar expectations that the cut-off yield of this upcoming T-bill match the approximate 3.80% per annum for the previous three bills!
In all likelihood, the cut-off yield for BS24107N may come below 3.80% per annum, this is based on the recent backdrop of interest rates being cut: for example UOB and Standard Chartered Bank have already lowered the interest rates for their savings accounts.
The above being said, anything that is above 3.50% in the current environment for Singapore T-bills will be in my opinion, a very good interest rate already!
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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