So the next 6-month T-Bills auction is on 14 May 2024.
After closing as high as 4.07% in late 2023.
T-Bills yields then dropped as low as 3.54%.
In the most recent auction however, T-Bills closed at 3.75% yield.
Bank fixed deposit rates have been steadily declining in 2024 – with the best fixed deposit only offering 3.25% for 6 months.
So at 3.75%, 6-month T-Bills are a much better buy than bank Fixed Deposits.
That said, the latest Singapore Savings Bonds offer very attractive yields at 3.33% – which given that this is locked in for 10 years and can be redeemed any time, is a decent alternative to T-Bills.
Couple of questions I wanted to discuss today:
What is the estimated yield on the next 6-month T-Bills auction? Are T-Bills a better buy than Singapore Savings Bonds, money market funds or fixed deposits? Where to park cash today to maximise yield and liquidity?
Next T-Bills auction is on 9 May (Thurs) – (BS24109A 6-Month T-bill)
First off – next 6 months T-Bills auction is on 9 May (Thurs).
This means that:
For cash or SRS applications, the deadline is 9pm on 8 May (Wed) For CPF-OA applications, the deadline is 9pm on 7 May (Tues)
Deadline for CPF-OA applications is same as cash applications – for DBS Bank only
I’ve noticed recently that with DBS Bank, the deadline for CPF-OA applications (via ibanking) is the same as cash applications, so there is no need to submit 1 day earlier if you’re applying with CPF.
This looks to be only for DBS Bank though, and for UOB/OCBC Bank you’ll still want to submit the CPF-OA application 2 days before.
What is the estimated yield on
