Yield on latest Singapore 6-month T-bill jumps to 4.07%

SINGAPORE’S latest six-month Treasury bill (T-bill) offered a cut-off yield of 4.07 per cent, in the auction that closed on Thursday (Sep 28).

This is a jump from the cut-off yield of 3.7 per cent for the previous six-month tenor, and the first time that yields have crossed the 4 per cent mark since January.

Demand for the T-bills was down in the latest auction, with a total of S$9.3 billion in applications for the S$5.3 billion on offer, representing a bid-to-cover ratio of 1.76, auction data on the Monetary Authority of Singapore’s (MAS) website indicated.