Dear readers, the outcome of BY23102N T-bill is just released!
In my earlier post on the above one-year T-bill, I have predicted another decline in the cut-off yield of Singapore’s 1-year T-bill. Specifically, I have given just 3.2% per annum for the cut-off yield of BY23102N T-bill.
I was wrong.
Singapore’s one-year T-bills still continue to show strength and bullishness: cut-off yield of BY23102N T-bill is 3.74% per annum (more details here).
This is good news for savers here in Singapore!
If we can recap, the latest cut-off yield of the most recent six-month T-bill, BS23114A was 3.85% per annum. The average annual 10-yield interest rate of Aug 2023 Singapore Savings Bonds is 2.99% per annum. Hence, as a whole, I can feel a lot of vibrancy in the Singapore savings scene!
And that it why for the upcoming six-month T-bill, BS23115E yield, I continue to be bullish, giving an estimated yield of around 3.80% per annum for the interest rate.
And when saving interest rates are good, these are the opportunities for investors to grab right now.
I will advise if possible go for the longer-term Singapore Savings Bonds first, to secure decent interest rates for the longer term.
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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