Now the next T-Bills auction is on Thursday 10 Oct.
But with T-Bills yields falling to 2.97% at the latest auction, I’m just not sure how attractive T-Bills are anymore.
At 2.97%, after factoring in lost interest, you’re not really ahead by a lot using CPF-OA to buy T-Bills.
And at 2.97%, there are quite a few other cash options out there with higher yields.
3 questions I wanted to discuss today:
Estimated yield on next T-Bills auction? Top Fixed Deposit Rates in Singapore (Oct 2024) Where would I put my cash? Estimated yield on next T-Bills auction is 2.95 – 3.05%? (Thursday 10 Oct)
With the fall in T-Bills interest rates, I’m not sure whether it makes sense for me to continue doing the full T-Bills articles before each auction.
So let me know what you guys think, and if still them helpful / want me to continue those.
But generally speaking, I’ve extracted the high level charts below.
You can see how T-Bills yields at 2.97% are the lowest they have been since mid 2022 (almost 24 months ago).
There has been no news of late that would lead to the market pricing in less rate cuts.
So generally speaking I don’t think we’ll see a big move in the T-Bills yields
The wildcard of course is if investment demand for T-Bills suddenly plunges due to lower rates -but for now demand has generally held steady at $14 billion).
Barring any fall in demand, I think we’ll see T-Bills yields stay at the 2.95 – 3.05% range even for the next auction.
Top Fixed Deposit Rates in Singapore offer 3.20% yield (Oct 2024)
The full table is further below in the article, but I’ve summarised the best interest rates