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Yield on 6-month Singapore Treasury bill at decades-high of 4.19% in latest auction

November Singapore Savings Bond closes with applications totalling S$2.2 billion, vying for an allotment size of S$900 million

SINGAPORE'S Treasury bill (T-bill) with a six-month tenor auctioned on Thursday (Oct 27) reported a cut-off yield of 4.19 per cent per annum - a record high in decades and 42 basis points higher than the 3.77 per cent on the issuance a fortnight ago.

The risk-free fixed-income instrument last achieved a yield of 4 per cent in 1989 after peaking at 4.73 per cent in 1988, said the Monetary Authority of Singapore (MAS) website, which showed results dating back to 1987.

Yields on six-month T-bills started...

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