All you need to know about Singapore T-bills

SINGAPORE Treasury bills (T-bills) have received explosive investor interest lately, with individual investors making more than 92,000 bids – some for over S$1 million – in the Nov 10 auction.

Investors were likely to have been attracted after an earlier auction on Oct 27 closed with a decades-high cut-off yield of 4.19 per cent.

The last time yields were at the 4 per cent level was in 1989, after peaking at 4.73 per cent in 1988, according to data from the Monetary Authority of Singapore (MAS) website dating back to 1987.