Singapore’s latest one-year Treasury bill offers 3.87% yield
SINGAPORE’S first Treasury bill (T-bill) with a one-year tenor in 2023 closed its auction with a cut-off yield of 3.87 per cent on Thursday (Jan 26).
The T-bills – a risk-free fixed-income product, backed by the Singapore government – were around 2.9 times subscribed for the S$3.6 billion allotment in the latest auction. The T-bills will mature on Jan 30, 2024.
The previous T-bill with a one-year tenor, which closed its auction on Oct 13, 2022, had a cut-off yield of 3.72 per cent and was 2.3 times subscribed.
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