Hehe me too. I have about the same asset allocation. T-bills and SSB plus FD/risk-free asset is about 75% of my portfolio as well.

Cannot find girlfriend already a damn big risk...

Not gonna play with my money anytime soon... After all, my SGD salary can grow at a rate just a tad below S&P 500 earnings growth, so I already beat the market on a risk-adjusted basis.

You can follow the rates published by primary dealers here: https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

I will be going back to Penang this Saturday and travel to Fukuoka thereafter. Will be back in SG on 3rd Jan 2024. So, no Bloomberg screenshots available for the next round of T-bill bidding on the 19th of Dec.

Hey madam elea. Merry Christmas and Happy New Year to you too!

Enjoy your holidays!

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.2%	4.08%
Median yield	3.9%	3.99%
Average yield	3.46%	3.58%
BTC ratio	1.97	2.04

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-22

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-22

Both 4- and 12-week see cooler subscriptions compared to last week's auctions.

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

Oh, the last 6M T-bill application for 2023 will be closing today! Check MAS primary dealers quote here for reference (around 5.30-6 pm): https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

No Bloomberg screenshots this time.

This post has been edited by TOS: Dec 19 2023, 04:17 PM

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

MAS published last bid quote (by primary dealers) of BS23124S maturing 11 June 2024: 3.77% p.a.

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

I think I will bid 3.70% p.a. This time I bid 3000 SGD from OCBC. 500 SGD pay rise incoming next month!

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 90%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.29
Cut-off Yield (Price)	3.73% p.a. (98.14)
Median Yield (Price)	3.58% p.a. (98.215)
Average Yield (Price)	2.94% p.a. (98.534)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-12-26

This round is even hotter than the last round, BTC rose to 2.29 from 2.25...

1Y not so early.

Next 3 T-bill schedule (last day to bid):

3rd Jan: 6M T-bill
17th Jan: 6M T-bill
24th Jan: 1Y T-bill

Yea, legally it should be reported (if you repatriate the coupons back to Malaysia). But it's exempted from tax anyway on both MY and SG side, so apart from some admin nuisance, you don't have to pay anything else to the taxman.

This post has been edited by TOS: Jan 1 2024, 09:51 PM

MAS published the MPC release schedule this morning: https://www.mas.gov.sg/monetary-policy/adva...elease-calendar

First MPC to be released No Later Than 29th January 2024.

Second MPC to be released No Later Than 12th April 2024.

Do mark down these dates on your calendar.

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

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.62% - 3.68% p.a.



Onshore SGD implied yield based on same condition as above: 3.91-3.95% p.a.



MAS published last bid quote (by primary dealers) of BS23125H maturing 25 June 2024: 3.77% p.a.

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

Offshore yield comes down a bit, onshore seems holding steady. Looking at above figures, I will bid 3.70% p.a. This time I bid 3000 SGD from OCBC. Pay rise should be effective from this month.

25 still young meh...

Previously 2200 SGD (starting this month is 2700 SGD). Using 2200 here:

Rent: 615 SGD
Laundry: 8 SGD (1 SGD wash + 1 SGD dry, once a week, so 4 times a month)
Bachata dancing lesson: 60 SGD (15 SGD each time x 4 times a month) (mainly to find girlfriend... quite a big investment here )
Transportation: Around 20 SGD
Food: Approximately 30-40 SGD (I work very hard pushing this to 0...)
Telco: 10 SGD
Miscellaneous stuffs: (shampoo, toothpaste, toilet cleaning detergents etc.) Average out about 5 SGD a month, I brought some utensils from Malaysia too.

Total expenses about 750 SGD a month including rent.

So you get something like (2200-750)/2200 = 65% ish including rent.

This post has been edited by TOS: Jan 4 2024, 11:20 AM

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 66%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.09
Cut-off Yield (Price)	3.74% p.a. (98.135)
Median Yield (Price)	3.55% p.a. (98.23)
Average Yield (Price)	3.06% p.a. (98.474)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-09

BTC went down but COY bare inches up 1 basis point. Market expects rates to come down it seems.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.1%	4.04%
Median yield	4%	3.98%
Average yield	3.54%	3.54%
BTC ratio	2.17	2.22

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-12

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-12

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

Last week's auction results (3rd of Jan):

Tenure	4-week	12-week
Cut-off yield	4.15%	4.05%
Median yield	4.05%	3.98%
Average yield	3.68%	3.63%
BTC ratio	2.05	2.03

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-05

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-05

This post has been edited by TOS: Jan 10 2024, 09:53 AM

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.06%	4.05%
Median yield	3.98%	3.99%
Average yield	3.51%	3.53%
BTC ratio	2.26	2.35

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-19

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-19

Both issues seem hotter than previous rounds. No more 2.1x BTC ratios.

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

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.65% - 3.70% p.a.



Onshore SGD implied yield based on same condition as above: 3.95-3.99% p.a.



MAS published last bid quote (by primary dealers) of BS24100F maturing 9 July 2024: 3.76% p.a.

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

Both offshore and onshore yield go up by around 5 basis points from last round. Looking at above figures, I will bid 3.70% p.a. This time I bid 1000 SGD from OCBC, no more money liao lol all in earlier T-bills.

This post has been edited by TOS: Jan 17 2024, 06:50 PM

Err if you mean just purely looking at yield and for a 6 month tenor, then T-bills are still attractive given the 3.7% p.a. rate. CIMB SG's rate will drop to the old 1.50% p.a. (<25k SGD) figure starting from February. So if you have sufficient cash and timed your cash flow earlier such that you have a steady stream of retiring T-bills in the coming weeks/months, it's probably worthwhile to continue putting money in T-bills.

This post has been edited by TOS: Jan 18 2024, 09:50 AM

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 51%
% of Non-Competitive Applications Allotted	87%
Bid-to-Cover Ratio	2.12
Cut-off Yield (Price)	3.7% p.a. (98.155)
Median Yield (Price)	3.6% p.a. (98.205)
Average Yield (Price)	3.11% p.a. (98.449)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-23

About there, hot issue as last time, but COY a bit low. Non-comp also oversubscribed...

This post has been edited by TOS: Jan 18 2024, 02:39 PM

Unfortunately I fall into the other "approximately 49%" competitive application at COY. So, my bid was unsuccessful and the money is returned.

Hope the others here who bid at 3.70% had better luck!

Ah the ratio is about right, since 51% competitive applications should get it, the other 49% shouldn't.

This post has been edited by TOS: Jan 19 2024, 07:25 AM