Dear readers, BS24110T is the next upcoming 6-month T-bill with an auction date of 23 May 2024 and an issuance date of 28 May 2024. The maturity of the T-bill is 26 Nov 2024.
The cut-off yield of recent 6-month T-bills has been robust, coming between 3.7% per annum to 3.8% per annum:
BS24109A, auction date: 9 May 24; cut-off yield of 3.7% per annum
BS24108N, auction date: 25 Apr 24; cut-off yield of 3.74% per annum
BS24107N, auction date: 11 Apr 24; cut-off yield of 3.75% per annum
BS24106W, auction date: 27 Mar 24; cut-off yield of 3.80% per annum
One noteworthy thing to note is that cut-off yields of recent consecutive T-bills has been on the decline, though the decline is still a gentle decline.
I believe the cut-off yield of BS24110T will continue to hover around the 3.70% per annum mark at 3.65% per annum to 3.75% per annum.
Again, these rates are great rates for one to multiply one’s savings and one should aim to secure these high interest rates while these rates are still available.