Dear readers, BS24108V just closed recently with an auction on 25 Apr 2024.
I have expected the cut-off yield of the T-bill remains to be above 3.70% per annum, given the recent trend. I was correct: BS24108V did not disappoint: cut-off rate was just 0.01% lower than the preceding T-bill, and still strong at 3.74% per annum!
With the close of this T-bill, let us take a look at performance of T-bills with auction dates this year:
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
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
BS24103H, auction date: 15 Feb 24; cut-off yield of 3.66% per annum.
BS24102S, auction date: 1 Feb 24; cut-off yield of 3.54% per annum.
BS24101Z, auction date: 18 Jan 24; cut-off yield of 3.70% per annum.
BS24100F, auction date: 4 Jan 24; cut-off yield of 3.74% per annum.
Except for the T-bills, whose auction dates were in the first half of Feb 2024, the cut-off yields of the T-bills issued this year was above 3.70% per annum: this is a very reasonable and robust yields and helps to explain why T-bills are still so popular with savers.
However, given 6-month T-bills can be held for only 6 months, for longer-term plan to grow one’s savings at risk-free interest rates, one should have a longer-term plan: and one of these plans could be to invest in the Singapore Savings Bonds, and accept around 0.70% per annum interest per year. In gist, secure a longer-term interest rate growth at lower rates.
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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