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Singapore’s latest one-year Treasury bill offers 3.87% yield

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Tan Nai Lun

Tan Nai Lun

Published Thu, Jan 26, 2023 · 01:27 PM
    • The total value of applications in this one-year T-bill auction was S$10.5 billion, up from the S$8.6 billion applied in the last 1-year T-bill auction.
    • The total value of applications in this one-year T-bill auction was S$10.5 billion, up from the S$8.6 billion applied in the last 1-year T-bill auction. PHOTO: AFP

    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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