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Singapore’s latest 6-month Treasury bill auction draws record 92,000 bids totalling S$14.2b

Tay Peck Gek

Published Thu, Nov 10, 2022 · 8:17 pm
Due to overwhelming interest, the MAS put out a notice in the afternoon to announce the delay in publication of the results of the latest six-month Treasury bill auction.
The publication of the results of the Treasury bill auction was delayed for hours. The Monetary Authority of Singapore posted a notice about the sheer volume of applications.

CPF

INVESTORS poured a massive S$14.2 billion into Singapore's latest six-month Treasury bill (T-bill) auction in a record-high volume of applications.

Consequently, the results of the auction which ended with a cut-off yield of 4 per cent were delayed on Thursday (Nov 10) by over five hours.

Against an allotment size of S$4.5 billion, the application monies represented an oversubscription rate of 3.2 times. In a notice on Thursday evening, the Monetary Authority of Singapore (MAS) said: "Today's auction...

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Interest rates

Monetary Authority of Singapore

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