Last December 2022 Government Treasury Bill Tranche Coming- Will it Yield Over 4.4% Again?

With the last T-Bill issuance at an all time high of 4.4% cut off yield, my friends and colleagues were all rushing down to banks to apply for the latest hotcake in town using their CPF Ordinary Account. The excitement in office was overwhelming and feels just like buying the Toto! The frenzy over T-Bills is absolute madness indeed. 

Crazy yield relative to the low 1%-2% at beginning of the year.

Those interested can start applying. Auction date is on 21 December 2022. Check with your bank on the last date to apply using electronic banking so that you do not miss it. For those who want to take out CPF ordinary account, well.....too bad....you have to go down to bank to queue to apply. CPF Board for some reason does not allow electronic application online. Guess CPF Board frown upon the outflow of cash from their agency. 

Happy application and Merry Christmas folks!