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 SG Savings Bond (SSB) & Treasury Bills (T-bills), Guaranteed by Singapore Government

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SUSTOS
post Nov 13 2022, 11:56 AM

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From BT 111122:

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SUSTOS
post Nov 16 2022, 02:45 PM

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2023 Auctions and Issuance Calendar is out

https://www.mas.gov.sg/bonds-and-bills/auct...suance-calendar
SUSTOS
post Nov 16 2022, 04:32 PM

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MAS bill auction results yesterday for reference:

1M cut-off 3.89% median 3.7% average 3.1%
3M cut-off 4.42% median 4.25% average 3.76%

Source:

4-week/1M: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-18

12-week/3M: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-18

This post has been edited by TOS: Nov 16 2022, 04:33 PM
SUSTOS
post Nov 17 2022, 12:12 PM

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QUOTE(Hansel @ Nov 12 2022, 02:22 PM)
Emm, bro TOS,... how is the penalty calculated ? Or is it a flat rate the moment we withdraw before the due date ?
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Found something for you:

https://forums.hardwarezone.com.sg/threads/...#post-144814517

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This post has been edited by TOS: Nov 17 2022, 12:12 PM
TSikanbilis
post Nov 17 2022, 05:35 PM

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T bill auction 24 Nov 2022 is now open for application.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-29
SUSTOS
post Nov 17 2022, 05:43 PM

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QUOTE(ikanbilis @ Nov 17 2022, 05:35 PM)
T bill auction 24 Nov 2022 is now open for application.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-29
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MAS only increased amount from 4.5 to 4.8 billion SGD... 6.7% increment...
TSikanbilis
post Nov 17 2022, 06:04 PM

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QUOTE(TOS @ Nov 17 2022, 05:43 PM)
MAS only increased amount from 4.5 to 4.8 billion SGD... 6.7% increment...
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With all the kiasu kiasi sinkie bidding low with their cpf, the yield may be around 4% again.

I may have to bid at 4% also.
SUSTOS
post Nov 17 2022, 06:40 PM

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QUOTE(ikanbilis @ Nov 17 2022, 06:04 PM)
With all the kiasu kiasi sinkie bidding low with their cpf, the yield may be around 4% again.

I may have to bid at 4% also.
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No... please no... cry.gif

Ok lah you wanna help Sporeans force hand at cheng hu to lend monies to GIC at higher rates. This is a noble effort... (beware though, PAP may not like you laugh.gif)

But I will most likely bid at 4.5%. See how next week's 3M rate goes.
SUSTOS
post Nov 18 2022, 11:30 AM

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Some banks offering higher rates for CPF account holders. May help to divert the fund flow to T-bills.

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SUSTOS
post Nov 19 2022, 10:06 AM

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https://www.straitstimes.com/opinion/forum/...using-cpf-funds

QUOTE
Forum: Allow online applications for SGS products for those using CPF funds

PUBLISHED 5 HOURS AGO

At the latest auction of Treasury Bills, I submitted a bid through my bank, since I was using funds from my Central Provident Fund (CPF) Ordinary Account.

After the bills’ issue date, I found that no deduction had been made from my CPF account.

My relationship manager checked, and told me that the bank had sent the signed form to the Monetary Authority of Singapore (MAS).

But when I checked with MAS, it said that it had not received any bid made under my name.

I have kept a copy of the application form with the bank and time stamp as proof of my bid.

I think it is time that the CPF Board allowed members to apply for Singapore Government Securities (SGS) products online, instead of requiring members to apply in person at a bank branch.

Goh Geok Huat
sgh
post Nov 19 2022, 06:00 PM

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QUOTE(TOS @ Nov 19 2022, 10:06 AM)
https://www.straitstimes.com/opinion/forum/...using-cpf-funds
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Ppl who want to use cpf need to do own calculation due to the way cpf calculate interest based on the lowest balance of the month. So the month you take X out that X have no cpf interest. Hence the T-bill must be higher to cover that loss. Same concept applies when T-bill mature that month and you put back will not enjoy any cpf interest too

Online application using CPF for T-bill is a hotly sought after feature which the banks have not implemented yet all so manual now
SUSTOS
post Nov 20 2022, 08:22 PM

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Source: https://forums.hardwarezone.com.sg/threads/...769601/page-405
SUSTOS
post Nov 22 2022, 01:07 PM

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Today's MAS Bill auction results:

Tenure4-week12-week
Cut-off Yield4.12% p.a.4.5%p.a.
Median Yield3.85% p.a.4.25%p.a.
Average Yield3.19% p.a.3.76%p.a.

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-25
12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-25

So, tomorrow gonna bid 4.5% p.a. for the 6-month T-bill. smile.gif
SUSTOS
post Nov 22 2022, 02:42 PM

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QUOTE(Fate Collide @ Nov 22 2022, 02:34 PM)
T-Bill liquidity a bit worrying hmm.gif
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Ya, that's correct. 2% spread for selling them to the 3 primary dealers DBS, UOB and OCBC. So, time your cash flow "accurately".

Onshore SGD FDs are comparable alternatives.

Otherwise, you can use SSB if the interest far exceeds the (2+2 = 4) SGD transaction costs, or if you can swallow FX risk, USD FDs/US T-Bills/ US T-bill ETFs are close substitutes.

This post has been edited by TOS: Nov 22 2022, 02:42 PM
TSikanbilis
post Nov 23 2022, 09:45 AM

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QUOTE(TOS @ Nov 22 2022, 01:07 PM)
Today's MAS Bill auction results:

Tenure4-week12-week
Cut-off Yield4.12% p.a.4.5%p.a.
Median Yield3.85% p.a.4.25%p.a.
Average Yield3.19% p.a.3.76%p.a.

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-25
12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-11-25

So, tomorrow gonna bid 4.5% p.a. for the 6-month T-bill. smile.gif
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I bid 4% this time round. If still cannot get then i will go for DBS eFD again but i read the DBS promotion has ended. Have to wait for new promo then.
SUSTOS
post Nov 23 2022, 10:14 AM

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QUOTE(ikanbilis @ Nov 23 2022, 09:45 AM)
I bid 4% this time round. If still cannot get then i will go for DBS eFD again but i read the DBS promotion has ended. Have to wait for new promo then.
*
You don't have other SG bank accounts to place onshore SGD FD?
TSikanbilis
post Nov 23 2022, 10:58 AM

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QUOTE(TOS @ Nov 23 2022, 10:14 AM)
You don't have other SG bank accounts to place onshore SGD FD?
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Have another account SCB but i just closed the account last week when i went to SG. Too troublesome to maintain 2 accounts and their bonus saver account requires maintain sgd3k else sgd5 being charged every month. So i closed it.
SUSTOS
post Nov 23 2022, 04:47 PM

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QUOTE(ikanbilis @ Nov 23 2022, 09:45 AM)
I bid 4% this time round. If still cannot get then i will go for DBS eFD again but i read the DBS promotion has ended. Have to wait for new promo then.
*
I received DBS FD promo today. New promo code, so I guess it's another campaign: https://forum.lowyat.net/index.php?showtopi...ost&p=105950711

Anyway, I bid 4.35% p.a., pity those Sporeans... tongue.gif
TSikanbilis
post Nov 24 2022, 03:47 PM

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Cut off yield for T bill BS22123S 3.9%

Attached Image



This post has been edited by ikanbilis: Nov 24 2022, 04:10 PM
SUSTOS
post Nov 24 2022, 04:35 PM

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QUOTE(ikanbilis @ Nov 24 2022, 03:47 PM)
Cut off yield for T bill BS22123S 3.9%

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