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

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Tan Nai Lun

Tan Nai Lun

Published Thu, Feb 2, 2023 · 02:11 PM
    • The T-bills are about 2.6 times subscribed for the S$4.9 billion allotment in the latest auction. Meanwhile, the March issuance of the SSBs has opened with a first year interest rate of 2.76 per cent.
    • The T-bills are about 2.6 times subscribed for the S$4.9 billion allotment in the latest auction. Meanwhile, the March issuance of the SSBs has opened with a first year interest rate of 2.76 per cent. PHOTO: BLOOMBERG

    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.

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