What happened?
If you've been eyeing T-bills as a place to park your cash, the latest numbers might be a letdown. The cut-off yield for the 1-year Singapore T-bill (BY25102X) has dropped to 1.68% in the latest auction on 24 July. The cut-off yield for the 6-month T-bill has also been trending lower. This has led to some concerns in the Beansprout community, especially amongst investors who are looking for somewhere safe to park their savings. Source: MAS This latest 1-year T-bill yield is lower compared to the yield of 2.29% in the previous 1-year T-bill auction. Let us find out what may be driving the decline in the 1-year T-bill yield.
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