Latest 6-month T-bill offers 3.87% cut-off yield after spike in last auction

THE latest six-month tenor of the Singapore Treasury bills (T-bills) is offering a cut-off yield of 3.87 per cent, at the close of its auction on Thursday (Oct 12).

This is down from the cut-off yield of 4.07 per cent offered in the last auction for the six-month T-bills, which several analysts noted was an anomaly.

Then, analysts noted that the spike in the cut-off yield was likely a one-off instance, as the Singapore Overnight Rate Average (Sora) fixings and cut-offs on Monetary Authority of Singapore bills have been stable, and markets had not reacted much to the auction outcome.