No REITs any more for me... Enough shareholder dilution and stupid fees paid to the managers... In the end, all they know is to send more lobbyists to ask MAS to increase aggregate leverage limit...

Not too different from the American business roundtable after all eh...

I will stick to a combination of Treasury bill ETFs (for US), Treasury bill MMF (for SG) and index funds + some European equity exposure... I am comfortable with this portfolio for now...

If this suits you…👍
But ur returns will be lower… you hav the advantage of age, why not hit harder ?

Yea, I hit hard enough

I have exposure to the S&P 500 and Nasdaq 100, complimented with European luxury exposure and SG banks. Altogether risky assets are currently about 30% of my portfolio. The rest are in T-bills ETFs/MMFs in US and SG.

I am also scalping the BIL ETF to generate extra return of some 2-3% p.a. on top of the current 4-5% p.a. yield. So, I am not losing at all lol

I am making decent money just by borrowing USD to the US government and trading against a couple of idiots during Asian hours

This post has been edited by TOS: Oct 23 2024, 07:47 AM

Which US T-bills ETF is recommended for set and forget short to med term? And please elaborate how you are scalping for more yield? Also what do you mean by borrowing USD and trading in Asian hours?

I paid some tuition fees for this.

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 46%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.99
Cut-off Yield (Price)	2.99% p.a. (98.509)
Median Yield (Price)	2.93% p.a. (98.539)
Average Yield (Price)	2.84% p.a. (98.584)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-10-29

A smidgen below the magic number 3...

haha i put competitive 3.2% so guess my $ go back to funds.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.27%	3.24%
Median yield	3.18%	3.14%
Average yield	2.91%	2.86%
BTC ratio	1.77	1.7

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-01

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-01

Cold auction but COYs remain about the same.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.28%	3.2%
Median yield	3.17%	3.1%
Average yield	2.97%	2.86%
BTC ratio	1.82	2.18

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-08

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-08

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 2%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.82
Cut-off Yield (Price)	3.04% p.a. (98.484)
Median Yield (Price)	2.95% p.a. (98.529)
Average Yield (Price)	2.72% p.a. (98.644)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-12

Cold auction.

BT reports: https://www.businesstimes.com.sg/companies-...ield-rises-3-04

This post has been edited by TOS: Nov 7 2024, 10:23 PM

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.33%	3.28%
Median yield	3.18%	3.18%
Average yield	3%	2.93%
BTC ratio	1.68	1.77

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-15

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-15

Yields go up by some 10 basis points. 12-week auction cooler this time.

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.28%	3.26%
Median yield	3.15%	3.15%
Average yield	2.96%	2.84%
BTC ratio	1.84	1.73

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-22

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-22

Yields go down again...

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 91%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.96
Cut-off Yield (Price)	3.08% p.a. (98.464)
Median Yield (Price)	2.95% p.a. (98.529)
Average Yield (Price)	2.76% p.a. (98.624)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-26

Cold auction, but yields up a bit.

BT reports: https://www.businesstimes.com.sg/companies-...ield-edges-3-08

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.27%	3.24%
Median yield	3.17%	3.1%
Average yield	2.99%	2.81%
BTC ratio	1.8	1.8

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-29

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2024-11-29

Not sure if I posted this before, but you guys can check 2025's MAS bill, T-bill and SSB announcement dates, bid deadlines and auction dates now:

https://www.mas.gov.sg/bonds-and-bills/auct...suance-calendar

And next year there's a new 36-week MAS Bill issued alongside the 4-week and 12-week one. Not sure why a 9-month bill is needed, maybe they are trying to facilitate more price discovery in the ultrashort-short end of the yield curve?

I missed updating this thread due to account issues, feel free to check the yields for the past 2 weeks on MAS website. The ultrashort end COY ticked up slightly to 3.4x% p.a. from 3.3x% p.a. in the past 2 weeks from what I observed, most likely due to depreciating SGD against USD.

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

In the mean time:

BT Videos (no paywall)

Is a 3% T-bill yield worth considering amid rising inflation and reinvestment risks? BT weighs in, and looks at what it means to allocate capital into bonds and equities as an alternative.

www.businesstimes.com.sg/videos/is-earning-3-from-singapore-t-bills-enough/6365944388112

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.33%	3.19%
Median yield	3.18%	3.08%
Average yield	2.97%	2.86%
BTC ratio	1.77	2.16

Source:

4-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=MD24150E&issue_date=2024-12-20

12-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=ML24150V&issue_date=2024-12-20

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

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 10%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.33
Cut-off Yield (Price)	3.02% p.a. (98.494)
Median Yield (Price)	2.95% p.a. (98.529)
Average Yield (Price)	2.66% p.a. (98.674)

Source: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24125S&issue_date=2024-12-24

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.31%	3.19%
Median yield	3.1%	3.11%
Average yield	2.93%	2.98%
BTC ratio	1.86	1.83

Source:

4-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=MD24151F&issue_date=2024-12-27

12-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=ML24151A&issue_date=2024-12-27

This week's MAS Bill auction results:

Tenure	4-week	12-week
Cut-off yield	3.39%	3.24%
Median yield	3.07%	3.06%
Average yield	2.90%	2.84%
BTC ratio	1.68	1.55

Source:

4-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=MD25100F&issue_date=2025-01-03

12-week: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-mas-bill?issue_code=ML25100A&issue_date=2025-01-03

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

Today's 6M bill auction result:

% of Competitive Applications at Cut-off Allotted	Approximately 21%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	1.99
Cut-off Yield (Price)	3.05% p.a. (98.479)
Median Yield (Price)	2.9% p.a. (98.554)
Average Yield (Price)	2.58% p.a. (98.714)

Source: www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS25100E&issue_date=2025-01-07