What occurred?
The outcomes for the most recent 6-month Singapore T-bill public sale are out.
The lower off yield for the 6-month Singapore T-bill (BS24123F) public sale on 21 November rose to three.08%.
This represents the second consecutive enhance after the lower off yield rose to three.04% within the earlier 6-month Singapore T-bill (BS24121A) public sale on 7 November.
I seen that buyers within the Beansprout group seem fairly proud of the bounce within the T-bill yield.
On this article, I’ll dive into the latest 6-month Singapore T-bill allotment consequence to grasp what could also be driving the upper yield.
What we learnt from the most recent 6-month Singapore T-bill public sale
#1 – Demand for the Singapore T-bill rose
The overall purposes for the 6-month Singapore T-bill elevated to S$13.7 billion from S$12.3 billion within the earlier public sale.
This might characterize a reversal in demand for the 6-month T-bill after declines within the two earlier auctions….
