Your SG banker friend didn't give you any hint?

I will bid 4% p.a., that's the lowest I can accept, and also in line with Bloomberg's pricing. Not sure if the CPF people will come and kacau or not...

Lowballer identified!



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If you convert cut-off yield to bond equivalent yield or effective annual yield it's around 4.03-4.03% p.a.

3.88%

% of Competitive Applications at Cut-off Allotted	Approximately 71%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.63
Cut-off Yield (Price)	3.88% p.a. (98.065)
Median Yield (Price)	3.77% p.a. (98.12)
Average Yield (Price)	3.27% p.a. (98.369)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-02-07

Haha asked you don't bid low-low. Karma...  

looks like upcoming t-bills will not go over 4%. SSB vill not go over 3%.
anyone got put in Indonesia government bonds (SBN Ritel)? They are offering above 6% for 2yrs & 4yrs bonds.

For education/research purposes

https://www.kemenkeu.go.id/SBR
don't think Singapore banks will want to offer that high FD interest going forward. What's the promo code again?

Anyone knows whether one can uplift/withdraw DBS (SG) eFD on the maturity date itself (like local Malaysian eFD)?
I have my first DBS eFD maturing today and the interests credited to my saving account today but the principal is still intact in the FD account (showing same maturity date).
Unfortunately I don't remember which of the following maturity instructions I opted for when I placed the eFD:
1) Credit interests and principal to saving account
2) Credit interests to saving account and renew the principal at the same tenor
3) Renew the interests+principal at the same tenor.

Do I have to wait until tomorrow, i.e. maturity+1 day to see the update?

contemplating this or MBB 12 months at 3.9%
any guesses on what interest rate will be like by May/June 2023?

Not a bug, it's someone leaking "sensitive" info.

https://www.facebook.com/photo.php?fbid=101...24219374&type=3

The 4.88% rate is supposedly for customers who bought UT products.

Now need to see if DBS will honor those of you who "fast hand fast leg" deposit your money. In the worst case you will get board rate only lol

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

FXFA screenshots for tomorrow's 6M T-bill auction (bid ends tonight at 9 pm).

Offshore EuroSing



Onshore



The rates are pretty low at 3.2-3.5% p.a. Not sure if the FXFA settings have been changed... But this round of auction may throw some downside surprises. One should be mentally prepared.

I double-check with Bloomberg's quote for the latest price for 6M T-bill issued 2 weeks ago. The rates are about 3.8-3.9% p.a.



MAS published 3.91% as the closing yield for the T-bill issued 2 weeks ago, for reference.

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

This round I bid 3.85% p.a. Tomorrow ikanbilis will post the result here.

Wow I bid right on the spot...

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 26%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.91
Cut-off Yield (Price)	3.85% p.a. (98.08)
Median Yield (Price)	3.65% p.a. (98.18)
Average Yield (Price)	2.88% p.a. (98.564)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2023-07-25