Singapore’s latest six-month Treasury bill offers decades-high yield of 4.4%
Add BT as a preferred source
Tay Peck Gek
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) that closed on Thursday (Dec 8) shot up to 4.4 per cent, the second highest since the return last peaked at 4.73 per cent in 1988.
The risk-free, fixed-income product by the Singapore government was about two times subscribed for the S$4.6 billion allotment in the latest auction, with the non-competitive bids totalling S$1.2 billion being fully allotted.
Those who submitted bids at the cut-off yield of 4.4 per cent were allotted 82 per cent of what they applied for. Those who specified a lower yield were fully allotted, whereas those specified a higher yield were not allotted.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
