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Can we stop talking about T-bills now?

Singapore’s equities market is booming. And market watchers believe there is more upside on the horizon.

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Jude Chan

Jude Chan

Published Tue, Sep 23, 2025 · 06:28 PM
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    • Some of the best performers in the Singapore market so far this year have been the small and mid-caps.
    • Some of the best performers in the Singapore market so far this year have been the small and mid-caps. PHOTO: TAY CHU YI, BT

    [SINGAPORE] I was slightly aghast when a colleague at The Business Times recently confided that her investment portfolio consisted entirely of Treasury bills (T-bills).

    The government-backed, fixed-income instrument is seen as a safe investment. It carries little to no default risk while offering stable returns.

    But surely this colleague – only in her 30s – is far too young to be so risk-averse.

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