Cut-off yield for latest 6-month T-bill falls to 3.75% as demand grows
THE cut-off yield for the latest six-month T-bill fell to 3.75 per cent as demand for this round rose, according to data on the Monetary Authority of Singapore’s (MAS) website on Wednesday (Nov 8).
The bid-to-cover ratio this time was 2.31, higher than last tranche’s 2.02. The cut-off yield at the last round was also higher, at 3.95 per cent.
The total amount allotted at the most recent round was S$5.7 billion, unchanged from the last round, with S$2.3 billion allotted to non-competitive bids. The total amount applied was S$13.2 billion, with none allotted to MAS.
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