Singapore Treasury bills (T-bills)

[PhantomOpera]

You got factor in the fees?

May I know what fees are involved?
Or you meant the loss in interest for the months in which funds are transferred to and from the OA? For the latter, I used this table as a yardstick:

If u not successful u can refund on the auction date itself

Noted, thanks

 

[reddevil0728]

May I know what fees are involved?
Or you meant the loss in interest for the months in which funds are transferred to and from the OA? For the latter, I used this table as a yardstick:

Noted, thanks

You use cpf to put t-bill you never notice got fees involved?

 

[PhantomOpera]

You use cpf to put t-bill you never notice got fees involved?

Oh I didn’t realize. The fees are deducted from where??

 

[reddevil0728]

Oh I didn’t realize. The fees are deducted from where??

The amount deducted from your cpf upfront includes some fees already.

then when u were holding the t-bill you didn’t realise got money taken from your OA?

then at maturity I believe the amount returned also got some fees taken

 

[PhantomOpera]

The amount deducted from your cpf upfront includes some fees already.

then when u were holding the t-bill you didn’t realise got money taken from your OA?

then at maturity I believe the amount returned also got some fees taken

The money taken from CPF OA is not much like $2+ every quarter…didn’t realize got difference in the deduction upfront though
Thanks for the explanation!

 

[sglandscape]

The amount deducted from your cpf upfront includes some fees already.

then when u were holding the t-bill you didn’t realise got money taken from your OA?

then at maturity I believe the amount returned also got some fees taken

I recall only DBS charges fees for maturity (deemed as a sale), whereas OCBC and UOB do not

 

[gregory_choo]

I read from Seedly that the breakeven rate for 6m is 2.92% (1 mth lag). So means I shd bid for 2.93%?

The next 6m auction date is 24 Oct and issue date is 29 Oct. Can I still do the refund in time before end Oct? If I am not successful, when will the refund come back to my CPFOA?

Thanks!

since you are using matured cpf t bill to buy again. as long as the yield is higher than cpf oa, you are better off.

the figure from seedly is for fresh fund from cpf , and return to cpf immediately upon maturity. not applicable for you.

 

[PhantomOpera]

since you are using matured cpf t bill to buy again. as long as the yield is higher than cpf oa, you are better off.

the figure from seedly is for fresh fund from cpf , and return to cpf immediately upon maturity. not applicable for you.

Thanks much everyone!

 

[maumu]

I found that the thing about 1-year bill is that the maturity is after the next 1-year bill so one has to wait like 2 months before rolling over (which technically doesn't look like a rolling over).

my 1-year bill which matured in July is still sitting in SRS until now. two months (Aug and Sep) cannot earn anything (higher than 0.05%)

 

[reddevil0728]

I found that the thing about 1-year bill is that the maturity is after the next 1-year bill so one has to wait like 2 months before rolling over (which technically doesn't look like a rolling over).

my 1-year bill which matured in July is still sitting in SRS until now. two months (Aug and Sep) cannot earn anything (higher than 0.05%)

u can always roll into a 6m ma.

 

[gregory_choo]

I found that the thing about 1-year bill is that the maturity is after the next 1-year bill so one has to wait like 2 months before rolling over (which technically doesn't look like a rolling over).

my 1-year bill which matured in July is still sitting in SRS until now. two months (Aug and Sep) cannot earn anything (higher than 0.05%)

why wait, go for 6m. usually there is 2 wks break between the old and new.

 

[henrylbh]

My T bill (using CPF OA) coming back on 22 Oct. Should I put it back to CPF or reinvest in another 6m T bills? Any advice? Thanks

Whether you going to reinvest in the next T Bill, the logical step is to transfer the matured sum back to CPF about 3 working days before end of the month to earn interest starting next month.

The next 6m auction date is 24 Oct and issue date is 29 Oct. Can I still do the refund in time before end Oct? If I am not successful, when will the refund come back to my CPFOA?

Thanks!

No such issue if you do refund before end of the month as mentioned above.

If not successful, your money transferred back to CPFOA will not be touched.

 

[bargin]

t bills result out 3.06% !

 

[sdexxxxd]

Allotment​

Total Amount AllottedS$6.8 billion
Amount Allotted to Non-Competitive ApplicationsS$1.4 billion
Amount Allotted to MASS$0.0 million
Total Amount AppliedS$14.9 billion
% of Competitive Applications at Cut-off AllottedApproximately 68%
% of Non-Competitive Applications Allotted100%
Bid-to-Cover Ratio2.19

Yield and Price​

Cut-off Yield 3.06% p.a.
Cut-off Price98.474
Median Yield2.9% p.a.
Median Price98.554
Average Yield2.76% p.a.
Average Price98.624

 

[~sabaisabai~]

t bills result out 3.06% !

surprising above 3%, very good!

 

[CaptainWu]

US Yield is rising probably SG to follow. Looking for the upcoming 1 year TBill giving better result too!

 

[reddevil0728]

surprising above 3%, very good!

there's a recent rebound

 

[maumu]

surprising above 3%, very good!

unfortunately not attractive enough with some banks still giving 3.3%... 3.4% no strings attached (e.g. SC eSaver).

hopefully this will push up next week's 1-year bill rates

 

[addict951]

Hokay, nao gear up for the final 1-yr one.
Yall aga will chui till how low ar? 2.5%?

 

[reddevil0728]

unfortunately not attractive enough with some banks still giving 3.3%... 3.4% no strings attached (e.g. SC eSaver).

hopefully this will push up next week's 1-year bill rates

and is cause no strings attached. hence they can cut anytime and the 6m lock-in of the rate might end up being better off...

Hokay, nao gear up for the final 1-yr one 2 wks from nao.
Yall aga will chui till how low ar? 2.5%?

12m always like lower leh.