3.4% so low...

That's more like 3.47% p.a. if using FD interest rate count convention.

But yea it's low... FED should raise rates not cut rates... We savers have been penalized for too long already...

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 30%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.32
Cut-off Yield (Price)	3.34% p.a. (98.335)
Median Yield (Price)	3.2% p.a. (98.404)
Average Yield (Price)	2.83% p.a. (98.589)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-08-20

Bid failed, money move back to MoneyOwl Wisesaver...

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.69%	3.6%
Median yield	3.6%	3.55%
Average yield	3.35%	3.31%
BTC ratio	2.05	1.87

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-08-23

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-08-23

OMG COY is very bad. Dropped 20 basis points from last auction...

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.55%	3.47%
Median yield	3.45%	3.39%
Average yield	3.31%	3.05%
BTC ratio	1.97	1.87

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-08-30

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-08-30

Wow, full blown impact on MAS Bills side as well. Dropped another 15 basis points from last week auction...

I will skip tomorrow's 6M T-bill bid...

moving forward game over for TBILLS?

Fed cut rates...

No choice, have to go to VOO, QQQM, DBS, UOB and OCBC...

Haha looks like my choice of skipping the bid was worth it all.

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 0%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.35
Cut-off Yield (Price)	3.13% p.a. (98.439)
Median Yield (Price)	3% p.a. (98.504)
Average Yield (Price)	2.62% p.a. (98.694)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-03

Those with DBS can put FD 3.20% one year tenure. Downside is limited to SGD19,999 only.



This post has been edited by ikanbilis: Aug 29 2024, 05:36 PM

Wow I just notice that 1-year SG T-bill yields the same as 12-month DBS SGD FD.

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

Times have changed!

Those who don't have CDP account can now deposit straight into DBS SG SGD FD!

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.44%	3.4%
Median yield	3.3%	3.3%
Average yield	3.04%	3.01%
BTC ratio	1.86	1.82

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-06

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-06

The curve is flattening very rapidly on the short-end. 4-week COY dropped another 10 basis points from last week's auction despite the cool response (BTC < 1.9).

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.35%	3.3%
Median yield	3.28%	3.23%
Average yield	3.09%	2.89%
BTC ratio	1.8	1.97

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-13

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-13

Another 10 basis points drop for BOTH 4-week and 12-week COY!

3 more weeks like that and it will be below 3%...

Side note: Non-SG citizens and non SG PRs kindly withdraw your CPF monies ASAP...

https://www.sinchew.com.my/news/20240910/johor/5908407

Last day to bid 6M SG T-bills today. Will skip this round as well...

Latest yield data shows around 3.1x% p.a. only.

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

I am skipping this round t-bill as well, after placing DBS 3.2% 12-month FD.

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 61%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.95
Cut-off Yield (Price)	3.1% p.a. (98.454)
Median Yield (Price)	3.01% p.a. (98.499)
Average Yield (Price)	2.9% p.a. (98.554)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-17

CPF and retail investors all gone. BTC dropped below 2. And notice when the retail/CPF monies are gone the COY is close to the median and average yield...

Now you know who's screwing up stuffs all the while...

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.43%	3.23%
Median yield	3.22%	3.13%
Average yield	3.11%	2.86%
BTC ratio	1.64	1.95

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-20

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-20

4-week COY went up by 10 basis points but more likely due to the cooler auction.

This post has been edited by TOS: Sep 18 2024, 04:30 PM

last week I still manage to get 3.2% on SYFE. Today its 3%.

Yea rate cuts coming swiftly... No choice savers about to get penalized again...

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.29%	3.17%
Median yield	3.15%	3.02%
Average yield	2.96%	2.89%
BTC ratio	1.87	1.81

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-27

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-09-27

Tomorrow is deadline for 6M T-bill bidding.