What occurred?
The newest outcomes for the 6-month Singapore T-bill public sale are out. The cut-off yield for the 6-month Singapore T-bill (BS24116E) on 15 August fell to three.34% from 3.4% within the earlier public sale. This may additionally symbolize the bottom 6-month Singapore T-bill yield since September 2022, and represents a reasonably sizeable decline from a current excessive of three.76% for the T-bill public sale on 6 June. As traditional, there was a lot dialogue within the Beansprout group about why the cut-off yield is decrease. On this submit, I might be share the explanations behind the decline within the Singapore T-bill yield. Supply: MAS
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