The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    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.”

    Monetary Authority of SingaporeCPFInterest rates

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    ​OCBC head of global consumer financial services Sunny Quek says: “All of us (financial institutions) have a wealth strategy. What’s really going to differentiate one bank from another is the execution."

    OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029

    Eugene Lee, chief marketing officer of Chagee (Asia-Pacific), says that even though tea is the world's second-most consumed beverage, it has not experienced “the same lifestyle elevation or premiumisation” that coffee has.

    ‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027

    UMS Integration CEO Andy Luong says the company has benefited from AI-driven increases in demand for deposition and foundry chipmakers, among others.

    UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More