Today is last day to apply for the upcoming 6-month T-bill. (9 pm for DBS ibanking portal application).

I am gonna try my luck with 4.2%.

% of Competitive Applications at Cut-off Allotted	Approximately 82%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.03
Cut-off Yield (Price)	4.4% p.a. (97.806)
Median Yield (Price)	3.85% p.a. (98.08)
Average Yield (Price)	3.73% p.a. (98.14)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-13

You should not have given up so early. Speculation is that CPF money all invested in the earlier bids so competition is less intense this round. BTC ratio also dropped to a bit above 2.

Lesson is make sure you bid every round. All you lost is 1 day interest if you submit your bid 1 day earlier.

You bid this round too? Comp or non-comp?

Yes minimum is 10k SGD for CIMB SG FD. https://www.cimb.com.sg/en/personal/banking...it-account.html

The Straits Times reports. No paywall.

https://www.straitstimes.com/business/t-bil...h-of-419-in-oct



This post has been edited by TOS: Dec 8 2022, 07:54 PM

Someone shared this in HWZ. Looks like the mainland Chinese who immigrated to SG are also "competitors" in SG T-bills auctions...



Source: https://forums.hardwarezone.com.sg/threads/...#post-145203199

From BT 091222.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.3%	4.38%
Median yield	4%	4.2%
Average yield	3.23%	3.63%

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-16

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-16

This post has been edited by TOS: Dec 13 2022, 08:03 PM

Next week's 6M T-bill amount offerred is reduced further to 4.4 billion SGD from the last issuance's 4.6 billion.

https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-27

Looks like they are trying to artificially reduce the supply to force down the yield?

Anecdotal report from HWZ says "bank staff feedback that the popularity die down."

Hopefully less competition from CPF money in this upcoming round.

Source: https://forums.hardwarezone.com.sg/threads/...#post-145298522

This post has been edited by TOS: Dec 15 2022, 08:56 PM

Warm reminder. Tomorrow (20 Dec 2022) is the last day to submit 6M T-bill bids (DBS digibank bid submission deadline is 9 pm as usual). This is the last T-bill offered for 2022.

This upcoming T-bill has an "off-cycle" auction date on Wednesday (instead of the usual Thursday auction), so the deadline to submit bids is brought forward one day earlier as well.

It so happened that the 4-week and 12-week MAS Bill auction results will be released after 1pm tomorrow too. So to err on the side of caution, it may be a good idea to submit your bids after the MAS bill auction results are published.

Unlikely that high unless some investors deliberately build up volume pressure at high bid levels (like the 5.48% p.a. cut-off yield for 4-week MAS bill a few weeks back).

The short-term SG yield curve has inverted, I will bid a few basis points below tomorrow's 12-week bill cut-off yield.

Not sure what you mean by "return every million saved". It doesn't have to be millions. The smallest denomination possible is 1000 SGD for T-bills and 500 SGD for SSB (saving bond). The returns depend on the cut-off yield for T-bill and is published on a monthly basis for SSB here: https://www.mas.gov.sg/bonds-and-bills/sing...e-savings-bonds

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.3%	4.48%
Median yield	3.8%	4.24%
Average yield	3.24%	3.75%

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-23

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-23

So today will bid 4.3%

This post has been edited by TOS: Dec 20 2022, 01:13 PM

From when did you become more kiasu kiasi than Sporeans...



Source: https://forums.hardwarezone.com.sg/threads/...#post-145385516

Missed by 0.02%...

% of Competitive Applications at Cut-off Allotted	Approximately 82%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.68
Cut-off Yield (Price)	4.28% p.a. (97.866)
Median Yield (Price)	4% p.a. (98.005)
Average Yield (Price)	3.76% p.a. (98.125)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-27

BTC ratio has risen to 2.68 from 2.03 last round.

This post has been edited by TOS: Dec 21 2022, 01:49 PM

You submitted comp bid? 4.2%?

Since it's close bidding, it's hard to tell. But the US 6 month bond yield has been flat since late November.

Report from BT 221222:

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	4.25%	4.48%
Median yield	3.8%	4.35%
Average yield	3.47%	3.68%

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-30

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-30