Hey Folks, the latest round of MAS Treasury Bill auction is out. The cut off yield is 3.73%. Total application sent in is a staggering S$11.8 billion and only S$5.6 billion were allotted. The earlier 3rd August 2023 auction for T-bills were going for a slightly higher 3.75%. I have applied for S$10K at a non-competitive bid on behalf of my family members.
The good thing about T-bills is that one is paid the coupon rate upfront unlike many fixed deposit where the interest is only paid out at the end of the duration.
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