Latest 6-month T-bill cut-off yield up at 3.95%; demand falls

THE latest tranche of six-month T-bills issued by the Monetary Authority of Singapore has an interest rate of 3.95 per cent, based on auction results on Thursday (Oct 26).

This is higher than the last issue – which had a cut-off yield of 3.87 per cent, but lower than the cut-off yield of 4.07 per cent offered in September.

The total amount allotted this time was S$5.7 billion, with S$2.2 billion allotted to non-competitive applications.