This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.02%	3.99%
Median yield	3.9%	3.95%
Average yield	3.54%	3.49%
BTC ratio	2.17	2.5

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-26

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-26

12-week is hot this time, COY dropped below 4%.

1Y T-bill auction closes at 9 pm today.

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.36% - 3.43% p.a.



Onshore SGD implied yield based on same condition as above: 3.64-3.66% p.a.



MAS published last bid quote (by primary dealers) of BY23103V maturing 22 October 2024: 3.74% p.a.

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

Looking at above figures, I will bid 3.64% p.a. This time I bid 2000 SGD from OCBC.

This post has been edited by TOS: Jan 24 2024, 06:12 PM

Today's 1Y bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 17%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	3.19
Cut-off Yield (Price)	3.45% p.a. (96.559)
Median Yield (Price)	3.4% p.a. (96.609)
Average Yield (Price)	3.13% p.a. (96.879)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-01-30

SUPER HOT ISSUE. BTC hits 3.19 times...

MAS Policy Statement: https://www.mas.gov.sg/news/monetary-policy...atement-29jan24

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%...

Yes salary just came in yesterday.

The figure will look terrible though. https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx

Last week's 1Y horrible COY forced down the yields of various SGS bonds by several basis points. The yield for the issue auctioned 2 weeks ago is just 3.70% yesterday. Probably will be bidding 3.6-3.65% p.a.

Let's see what Bloomberg's FXFA will tell us tonight.

Will update you guys again nearing 6pm.

This post has been edited by TOS: Jan 31 2024, 10:56 AM

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.

This post has been edited by TOS: Jan 31 2024, 06:06 PM

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 65%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.32
Cut-off Yield (Price)	3.54% p.a. (98.235)
Median Yield (Price)	3.21% p.a. (98.399)
Average Yield (Price)	2.63% p.a. (98.689)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-06

Bid failed again, gonna move to Syfe's 3 month 4% deposit...

Wah you do non-comp this time. Nice

Yes, Syfe works for non PR/Sporeans too.

This week's MAS Bill auction results (published yesterday):

Tenure	4-week	12-week
Cut-off yield	3.9%	3.93%
Median yield	3.8%	3.83%
Average yield	3.32%	3.44%
BTC ratio	2.45	2.24

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-09

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-09

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.91%	3.94%
Median yield	3.85%	3.88%
Average yield	3.53%	3.47%
BTC ratio	2.28	2.14

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-16

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-16

6M T-bill closing tonight, will upload the Bloomberg FXFA screenshots here later. Most likely bid around 3.5%... 1k SGD only...

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

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.66% - 3.71% 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 BS24102S maturing 5 August 2024: 3.58% p.a.

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

I will bid 3.50% p.a., 1k SGD from OCBC. Offshore implied yield rose by some 10 basis points compared to last auction's figure. High chance this round will see 3.60%++ COY.

Let's pray...

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 87%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.05
Cut-off Yield (Price)	3.66% p.a. (98.175)
Median Yield (Price)	3.48% p.a. (98.265)
Average Yield (Price)	3% p.a. (98.504)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-20

As expected, hit 3.6% again. Average yield rises almost 40 basis points from last time, suggesting that the low bidders have "evaporated" this round.

Good question bro. I saw your post in the "Open bank account in SG thread" too. I myself open a monthly saving account as soon as my Frank account is approved. (I opened my OCBC account on NTU campus and Frank/360 are the only possible ones available.)

For the purpose of changing the account number of your CDP DCS, it's highly recommended that you open a Monthly Savings account as soon as possible and follow the instructions here:

https://www.sgx.com/apply-services



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

If you open an individual CDP account, you may change the DCS bank account details via CDP Internet directly, without the need to submit any forms to CDP.

1. Click on My Profile on the top right corner when you login to your CDP Internet account.

2. Click the "Bank/Broker Accounts" tab, as shown below:



3. Click the blue "Update" button next to "Direct Crediting Service" and the pop-up below will appear on screen:



4. You should know how to proceed from the above step by now. Fill up the necessary details and click confirm.

Hope that helps!

This post has been edited by TOS: Feb 18 2024, 02:24 PM

You can actually save the hassle by opening the Monthly Saving Account right now and maintain 0 SGD in it temporarily or just move all your SSA monies into MSA right now. (OCBC waives fall-below fee for sub-500 SGD deposits for the first year.)

I keep my Frank account 0 SGD for months already and only tie my debit card with my MSA.

Then you may register your CDP account using MSA straightaway.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.99%	3.93%
Median yield	3.84%	3.84%
Average yield	3.57%	3.54%
BTC ratio	2.13	2.39

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-23

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-02-23

Our HWZ programmer friend hwckhs added new features to his I Love SSB website.

Now you may analyze a portfolio of SSBs and seek arbitrage profit opportunities from swapping old SSB(s) to new ones (if applicable).

Try it now over here: https://www.ilovessb.com/analyze

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.02%	3.95%
Median yield	3.9%	3.89%
Average yield	3.58%	3.59%
BTC ratio	1.95	2.13

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-03-01

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-03-01

4-week's cooler response means COY back above 4%! Will the same happen to tomorrow's 6M T-bill bids?

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

Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.70% - 3.74% p.a.



Onshore SGD implied yield based on same condition as above: 3.93-3.94% p.a.



MAS published last bid quote (by primary dealers) of BS24103H maturing 20 August 2024: 3.61% p.a.

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

I will bid 3.50% p.a., 1k SGD from OCBC. Offshore implied yield rose by another 5 - 10 basis points compared to last auction's figure. Onshore yield seems stable.

Let's pray...