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

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Tay Peck Gek

Tay Peck Gek

Published Thu, Nov 10, 2022 · 08:17 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.
    • 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. PHOTO: ST FILE
    • 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. SCREENSHOT: MAS WEBSITE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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 for the six-month T-bill (BS22122Z) received over 92,000 bids, which is a record high and far exceeds the bids received for the last T-bill auction.”

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