Yields for 6 and 12-month T-Bills rise as high as 3.77% in October auction

AT the latest Singapore Government Securities Treasury bill (T-bill) auction on Thursday (Oct 13), both the six-month and 12-month T-bills saw increases in yields amid strong demand.

The six-month T-bill, which will mature on Apr 18, 2023, saw average yield rise to 3.07 per cent per annum, versus 2.85 per cent per annum for the previous six-month T-bill maturing on Apr 4, 2023.

The cut-off yield rose to 3.77 per cent per annum, compared with 3.32 per cent per annum of the previous six-month T-bill, while the median yield rose to 3.35 per cent per annum, from 3.17 per cent per annum.