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
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
