THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.64 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 18).
This was a 0.1 percentage point drop from the 3.74 per cent offered in the previous six-month auction, which closed on Jul 4.
Demand was slightly muted in the latest tranche, which garnered a total of S$15.7 billion in applications for the S$6.8 billion on offer, representing a bid-to-cover ratio of 2.3.
Source: Businesstimes
