Dear readers, the auction results of the latest 6-month Singapore’s Treasury Bill (T-Bill) was announced yesterday.
This latest 6-month T-Bill is BS23117Z and I have previously given an estimate of 3.65% per annum for the cut-off yield of this T-bill. You can find my analysis of the T-bill in my previous post.
A total of $5.5 billion was allotted for BS23117Z and the cut-off yield is 3.70% per annum and this is higher than my estimated cut-off yield of 3.65%. However the above cut-off yield was lower than the cut-off yield of the T-bill preceding BS23117Z and is again another consecutive recent decline of the cut-off yield of the 6-month T-bills as we can note from the figures below.
BS23117F, auction date: 31 Aug Jul 23; cut-off yield of 3.70% per annum.
BS23116F, auction date: 17 Aug Jul 23; cut-off yield of 3.73% per annum.
BS23115E, auction date: 3 Aug Jul 23; cut-off yield of 3.75% per annum
BS23114A, auction date: 20 Jul 23; cut-off yield of 3.85% per annum
BS23113V, auction date: 6 Jul 23; cut-off yield of 3.99% per annum
BS23112N, auction date: 22 Jun 23; cut-off yield of 3.89% p.a. per annum
BS23111W, auction date: 8 Jun 23; cut-off yield of 3.84% p.a. per annum
But the fact of the matter is that the 3.70% per annum cut-off yield of a 6-month T-bill is, to me, considered still quite attractive as it is undeniably higher than the fixed deposit interest rates offered by many banks.
Savers should make the most use of high interest rates while available, this will help offset the current high costs of living.
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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