i miss the chance. 6month is coming up

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.97%	3.95%
Median yield	3.9%	3.9%
Average yield	3.59%	3.48%
BTC ratio	2.11	2.45

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-02

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-02

Both COYs drop below 4%...

6M T-bill auction closes at 9 pm today.

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.57% - 3.60% p.a.



Onshore SGD implied yield based on same condition as above: 3.88-3.89% p.a.



MAS published last bid quote (by primary dealers) of BS24101Z maturing 23 July 2024: 3.70% p.a.

https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

Looking at above figures, I will bid 3.60% p.a., 2k SGD from OCBC.

lol just mark down the dates on your calendar and set a reminder... https://www.mas.gov.sg/bonds-and-bills/auct...suance-calendar

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately  9%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.94
Cut-off Yield (Price)	3.8% p.a. (98.105)
Median Yield (Price)	3.5% p.a. (98.255)
Average Yield (Price)	2.95% p.a. (98.529)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-03-05

Huat aaaaa!

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.91%	3.9%
Median yield	3.85%	3.85%
Average yield	3.62%	3.45%
BTC ratio	2.14	2.26

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-03-15

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-03-15

Eh not today... deadline is tomorrow (9pm); the date coincides with 4-week and 12-week MAS bill auction results...

This week's 6M auction is one day earlier than usual because of the Good Friday holiday. So the schedule is brought forward by one day.

https://www.mas.gov.sg/bonds-and-bills/auct...suance-calendar

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately  30%
% of Non-Competitive Applications Allotted	94%
Bid-to-Cover Ratio	2.55
Cut-off Yield (Price)	3.8% p.a. (98.105)
Median Yield (Price)	3.61% p.a. (98.2)
Average Yield (Price)	3.34% p.a. (98.335)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-02

An interesting auction result. BTC skyrockets to 2.55 yet COY actually stays high at 3.8% p.a.

Makes you wonder... 

NTU Bloomberg terminals are all fully booked tomorrow...



Those young kids... last minute homework deadline fighters... 

I am afraid I can't provide screenshots tomorrow...

Let's just rely on MAS primary dealers data and assume a 10-15 basis point ask-middle spread...

Makes life easier!

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.86%	3.88%
Median yield	3.77%	3.82%
Average yield	3.54%	3.51%
BTC ratio	2.26	2.11

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-12

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-12

Quite a big drop in COYs for today's MAS Bill auctions

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No la 25 already... old liao, still can't find girlfriend...

Getting nervous day by day... 

Anyone can introduce me someone special?

Now I am a teaching assistant, can't date with undergrads on NTU campus anymore... teacher-student barrier...

https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

MAS primary dealers quote 3.75% p.a., so 10 basis points spread means 3.65% p.a.

Will bid 3.65% p.a., 4k SGD from OCBC.
You can read back the previous posts. There are many ways to come up with a smart guess. I explain some of them below:


-----------------------------------

Now armed with 3 smart guesses, you can make a good guess of how much to bid. The best time to submit T-bill bid(s) is always "last minute", i.e., just hours before the 9 pm application deadline via the 3 local SG banks' portal. If you submit earlier, you lose earning daily interests from the bank (this interest varies from person to person, some uses multiplier account with 3-4% p.a. effective interests, some like me use the basic account with 0.05% p.a. interests, the opportunity costs really depends on each individual's case.)

If a bid is unsuccessful, your money will be refunded on the auction day itself, around 3-4 pm for OCBC, around 5.15 pm for DBS (not sure about UOB as I don't have an account with them, probably somewhere in between the 2 banks?) In very rare instances, if the auction is too hot, the money may be credited back to you as late as 8-9 pm on the same day, it happened a few times towards the end of last year when T-bill yield hit 4% p.a. and above.

As the refunded money goes into your account on the same day, you are free to decide what you wish to do with it. 6M T-bills are issued in the primary market every 2 weeks, so I just wait for 2 weeks and continue bidding. Every 3 months, like in this month, there will be a 1-year T-bill offered too. You can wait for one week later, and resubmit your bid for the 1-month T-bill, if you are interested.

Hope the above info helps.

Can, no problem.

Nothing stops you from doing that.

The refunds will go to each bank account on the auction day but upon maturity ALL proceeds will go to the bank account registered with CDP for the DCS (Direct Crediting Service).

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 26%
% of Non-Competitive Applications Allotted	88%
Bid-to-Cover Ratio	2.54
Cut-off Yield (Price)	3.75% p.a. (98.13)
Median Yield (Price)	3.65% p.a. (98.18)
Average Yield (Price)	3.39% p.a. (98.31)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-16

Hot auction, COY maintains at high level... Hopefully next week's 1Y T-bill auction will fetch a high COY as well with yesterday's hot US inflation figures!

when is the closing for next T bill

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.82%	3.83%
Median yield	3.75%	3.79%
Average yield	3.47%	3.48%
BTC ratio	2.16	2.07

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-19

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-04-19

COYs remain below 3.9%...

I cant recall when was the last time I buy Competitive. just park whatever juices onto N. C..

Just a reminder:

The upcoming 6M T-bill application deadline (for cash application) is on next Tuesday (21 May) 9 pm. 22nd May (Wednesday) is a public holiday in SG and the auction results will be announced on Thursday, 23rd May 1pm.

Don't miss the chance...