Dear readers, the auction result of the latest Singapore 6-month Treasury bill (T-bill), BS23116F was announced yesterday.
Before we take a look at the cut-off yield of BS23116F T-bill, let us take a look at the cut-off yield of some other previous T-bills as below.
BS23115E, auction date: 17 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
As we could note from the above, the cut-off yield of the most recent three T-bills has been declining. The trend had me suggesting in a previous post that the cut-off yield of BS23116F could be in the range of 3.60% to 3.70% per annum.
Based on yesterday’s announcement of result, the cut-off yield of BS23116F is 3.73% per annum.
And this is where things get a little bit interesting. Considering the cut-off yield of the most recent one-year Singapore Treasury bill (T-bill), BY23102N, is 3.74% per annum, we have come to a point where the cut-off yield of Singapore’s 6-month T-bill falling below that of the 1-year T-bill!
Given this trend, I believe cut-off yields of future 6-month T-bills to continue to decline.
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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