What happened?
I noticed that there was an active discussion about the Singapore T-bill in the Beansprout community today. Many seemed to be quite pleased that the cut-off yield on the 6-month Singapore T-bill auction (BS24107N) has remained high at 3.75%. While this is lower than the cut-off yield of 3.8% in the previous auction, it is consistent with the closing yields for the T-bill in the past few days. Hence, it would seem that the T-bill yield has held up well despite the cut in fixed deposit rates and savings account interest rates in recent weeks. Let us find out more about the result of the recent T-bill auction, and if the T-bill remains an attractive option. Source: MAS
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