Latest 6-month T-bill offers 3.88% yield; March Singapore Savings Bond opens with 10-year average return of 2.9%

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.88 per cent on Thursday (Feb 2).

The T-bills – a risk-free fixed-income product, backed by the Singapore government – were around 2.6 times subscribed for the S$4.9 billion allotment in the latest auction.

The total value of applications in this auction was S$12.9 billion. This is higher than the S$10.5 billion applied in the last T-bill auction – which had a one-year tenor – but lower than S$13.1 billion applied in the previous six-month T-bill auction.