For those interested in medium term safe vehicle parking, 2-year SGS bond is reopened for auction tomorrow.

Apply before 9pm today.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-01

Yield is around 3.4% p.a.

This post has been edited by TOS: Feb 23 2023, 07:12 PM

The cut-off yield is 3.66% p.a. https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-01

Allotment Result for SBMAR23:

Total amount applied: S$261.1 million
Total amount within individual allotment limits: S$258.3 million
Total amount alloted: S$258.3 million
Quantity ceiling: -

There is no quantity ceiling. You get everything you applied for subject to individual limit ($200k).

Courtesy of hwckhs at HWZ. https://forums.hardwarezone.com.sg/threads/...006693/page-562

Result on SSB website: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-01

This post has been edited by TOS: Feb 25 2023, 02:52 PM

Read SSB may up rates soon to above 3%. When it comes I will be back in again.

T-bill above 3.9% not attractive for you?

He may want to lock in medium-term rates.

That's right.

I carry a similar opinion. SSBs are better becos :-

1) The good rate is locked-in for 10 years.

2) Can be withdrawn within a month's notice and still earned the 'designated' dividend. Who knows,... especially for this year, if Feds really pivot, need to take advanatage of this event.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.07%	4.03%
Median yield	3.98%	3.85%
Average yield	3.33%	3.51%
BTC ratio	2.46	2.14

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-03

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-03

Both 1-month and 3-month MAS bill above 4%. The response is cooler however, judging by BTC compared to last week's issuances.

How much net yield? I’m on other scheme for about 1% a month.

noob here trying to learn and perhaps invest in this space.

can you help me with my questions ?

a) these auctions are held every 4 weeks ? noted that its 4 and 12 week tenure.

b) i can apply (from Msia) if i have on-line DBS / UOB / OCBC Spore account ?

c) is there a noob guide to the process of applying ?

tk you

Hi there. The 4-week and 12-week MAS bills are available for institutions only. Retail investors can only buy 6 month or 1-year T-bills (SGS bonds and SSBs too).

In the primary market, the 6 month T-bill is auctioned once every 2 weeks while the 1-year T-bill is auctioned once every quarter (4 issuances per year).

Yes, you can apply from anywhere in the world if you purchase the bills using cash (since it's online application, the banks aka the primary dealers deduct money from your account directly.) If you are using CPF monies to purchase, only DBS allows for online application at the moment (CPF investment account holders at OCBC and UOB will need to queue at SG bank branches to purchase the bills over the counter). You will also need a CDP account for primary market purchase of the bills. Having DBS/UOB/OCBC alone is not sufficient for purchasing the bills in the primary market.

Not sure what constitutes a noob guide. I wrote up some stuffs in the 2 links below. You can try to read them and see if you can understand them.

https://forum.lowyat.net/index.php?showtopi...ost&p=106297872

https://forum.lowyat.net/index.php?showtopi...ost&p=106023168

*All bills/T-bills above refer to SG T-bills, not the US ones.

this is really helpful for me. tk you

By the way, today is the deadline for the 6 month T-bill to be auctioned tomorrow. I will post the Bloomberg FXFA screenshot later today after the onshore market closes around 5pm.

Looking at previous day's yield reported by MAS, it's likely to be around 3.9x%.

New SSB rates announced.

Rates for all tenor above 3% p.a. again.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-04-03

The rates not bad, can parking a bit

Today's 6M T-bill yield (issued 2 weeks ago) quoted by MAS is 3.92%. https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

As promised these are the FXFA screenshots.

EuroSing quoting 3.92-3.97% p.a. Onshore yields 4.08% p.a.



I will bid at the lowest possible EuroSing yield 3.92% p.a.

Will have class at 1pm tomorrow. ikanbilis can help me update the auction result here.

This post has been edited by TOS: Mar 1 2023, 05:57 PM

Quotation of taxable book-entry Singapore Government Bonds, as of 28/2/2023. Sourced from BT 010323

Cut off yield 3.98%

The funny thing is that those who bid 3.98% exactly gets close to nothing according to MAS auction stats lol

% of Competitive Applications at Cut-off Allotted

Approximately 0%

BTC is elevated at 2.77.

Anyway, the effective annual rate (based on COY of 3.98%, 182 days to maturity) is 4.103% p.a., bond equivalent yield is 4.062% p.a.

Auction result link: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-03-07

This post has been edited by TOS: Mar 2 2023, 03:05 PM

Straits Times reports:

Interest rates on T-bills and Singapore Savings Bonds back on an uptrend: Should you consider them?​

https://www.straitstimes.com/business/inter...u-consider-them (no paywall)

Source: https://forums.hardwarezone.com.sg/threads/...r-them.6878463/