Dear readers, it is a win and optimism for Singapore savers! And why do I say so?
Well, the latest 6-month Singapore Treasury Bill (T-bill) auction closed recently and the cut-off yield was still pretty much impressive.
Yes, that’s right! I am talking about the BS23118S 6-MONTH T-BILL, for which auction result was 14 Sep 2023. Before we take a look again at the cut-off yield of BS23118S 6-MONTH T-BILL, let us take a quick look at the cut-off yields of other recent tranches of Singapore’s T-bills.
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
Based on the most recent trend, the cut-off yield of BS23118S 6-MONTH T-BILL should be below 3.70% per annum. However, here we are, as the auction result indicated, the cut-off yield of BS23118S 6-MONTH T-BILL increases slightly to 3.73% per annum.
Really a good decent savings rate! And that is why it is a win and optimism for savers here!
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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