Singapore government bonds to retain some popularity despite falling yields
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Tan Nai Lun
SINGAPORE government bonds will likely retain some of their popularity in 2024, even as their yields fall to account for changing interest-rate expectations.
The latest Singapore Treasury bill (T-bill) auction closed with a cut-off yield of 3.73 per cent – slightly lower than the previous auction’s yield of 3.74 per cent.
Demand, too, was still high, at 2.29 times the amount on offer. The previous auction had a bid-to-cover ratio of 2.25.
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