6M T-bill auction closes at 9 pm today. Some reference figures:
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Offshore SGD implied yield based on SG OIS SORA and US SOFR reference curve: 3.58% - 3.61% p.a.
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Onshore SGD implied yield based on same condition as above: 3.85-3.87% p.a.
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MAS published last bid quote (by primary dealers) of BS24110T maturing 26 Nov 2024: 3.65% p.a.
https://eservices.mas.gov.sg/statistics/fda...ssuePrices.aspx------------------------------------
Bloomberg I107 (SGD Singapore Sovereign Yield Curve) Plot using GC function suggests ask YTM of 3.551% p.a.

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I will bid 3.55% p.a., 2k SGD from OCBC. We see a few basis points up in the onshore implied yield figures compared to 2 weeks ago. Offshore implied yield remains resilient. Ask YTM dropped to 3.55% already...
Last Bloomberg screenshot for now...Â

See you in Penang tomorrow evening...

Nice bid. I am not bidding any T-bills at the moment. My fund is now tied to moomoo cash fund 6.8% for 60 days. After 60 days i will start bidding t-bills again.