Singapore Treasury bills (T-bills)

[~sabaisabai~]

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

yes, maybank gives 3.1% for 6mth min 20k
am looking at one year tbill next week

 

[Jirachi]

Wow... 3.06%

Markets really think feds are slowing the cut then.

 

[maumu]

yes, maybank gives 3.1% for 6mth min 20k
am looking at one year tbill next week

SC eSaver until Dec. now may not be the time to lock in FD with rates maybe rebounding up a bit in the short term?

idk... just speculating. hope it goes up next week to bump up the 1-year rate

 

[gregory_choo]

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

1 year bill usually lower than 6m

 

[dork32]

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.

this is not be the best solution if you are very confident that you are going to reinvest it the next month.

 

[a4973]

this is not be the best solution if you are very confident that you are going to reinvest it the next month.

Going to reinvest yes but actually getting it is not a certainty.

 

[GrandJedi]

Is OCBC still offering Time Deposit for CPF OA? What rate? Cannot find on website.

 

[henrylbh]

this is not be the best solution if you are very confident that you are going to reinvest it the next month.

He is thinking of moving the money back to CPF if this round is not successful. If he is very confident to reinvest next month and if not successful again or the COY is dismal, then the price to pay is high. Try again the following months?

 

[ericcsn]

He is thinking of moving the money back to CPF if this round is not successful. If he is very confident to reinvest next month and if not successful again or the COY is dismal, then the price to pay is high. Try again the following months?

I would move money back as well in this month when it matures. Just $2.50 (or thereabouts) for bank charges.
Doesn't stop me from bidding again - if i am unsuccessful, at least i get to earn the next month interest from cpf vs nothing if I fail with T bill bids (when I dont return in this month).

Is OCBC still offering Time Deposit for CPF OA? What rate? Cannot find on website.

OCBC stopped their FD offer for CPF about 1.5 months ago. Believe May bank stopped theirs too.

 

[Nofear40]

Thinking of moving funds from Uob stash to apply for one year T bill
Feel that UOB will reduce the rates any time

 

[prietess]

Hello guys,
in April I signed up for Tbill 1-year by mistake, I wanted 6 months.
So now I am thinking how to sell it (do you call it selling?).
I googled a bit, it says at MAS website: "You can buy or sell SGS bonds or T-bills through DBS, OCBC or UOB by visiting their main branches."
Is it true that I need to go to the main branch only? Not any branch?
Cannot do it online?

 

[koxinga]

My BS24107N is maturing on 15 October. Would I be in time for BY24103N ?

 

[ahnyaahnya]

Hello guys,
in April I signed up for Tbill 1-year by mistake, I wanted 6 months.
So now I am thinking how to sell it (do you call it selling?).
I googled a bit, it says at MAS website: "You can buy or sell SGS bonds or T-bills through DBS, OCBC or UOB by visiting their main branches."
Is it true that I need to go to the main branch only? Not any branch?
Cannot do it online?

You need the money for something?

 

[reddevil0728]

Hello guys,
in April I signed up for Tbill 1-year by mistake, I wanted 6 months.
So now I am thinking how to sell it (do you call it selling?).
I googled a bit, it says at MAS website: "You can buy or sell SGS bonds or T-bills through DBS, OCBC or UOB by visiting their main branches."
Is it true that I need to go to the main branch only? Not any branch?
Cannot do it online?

I think someone mentioned before don’t need “main branch”, but reckon “main branch” staff probably more familiar.

But definitely not online.

Do you really need to sell and take a hit on the spread?

 

[reddevil0728]

My BS24107N is maturing on 15 October. Would I be in time for BY24103N ?

Cpf or cash?

cash shoudl be possible.

cpf I think depends on bank.

which bank?

 

[PC]

Hello guys,
in April I signed up for Tbill 1-year by mistake, I wanted 6 months.
So now I am thinking how to sell it (do you call it selling?).
I googled a bit, it says at MAS website: "You can buy or sell SGS bonds or T-bills through DBS, OCBC or UOB by visiting their main branches."
Is it true that I need to go to the main branch only? Not any branch?
Cannot do it online?

i did it before in OCBC.

must go to bank, any branch, no need main branch. there is no other option. confirm cannot do online. not all in branch know, must ask and ask. they will ask you to fill up a form and then they help you sell the tbill, will take a few working days.

 

[reddevil0728]

i did it before in OCBC.

must go to bank, any branch, no need main branch. there is no other option. confirm cannot do online. not all in branch know, must ask and ask. they will ask you to fill up a form and then they help you sell the tbill, will take a few working days.

quoted your post in the first post as FAQ

 

[koxinga]

Cpf or cash?

cash shoudl be possible.

cpf I think depends on bank.

which bank?

Cash, DBS.

 

[reddevil0728]

Cash, DBS.

Should be possible. You can know for yourself anyway

 

[Cumzilla]

I would move money back as well in this month when it matures. Just $2.50 (or thereabouts) for bank charges.
Doesn't stop me from bidding again - if i am unsuccessful, at least i get to earn the next month interest from cpf vs nothing if I fail with T bill bids (when I dont return in this month).

OCBC stopped their FD offer for CPF about 1.5 months ago. Believe May bank stopped theirs too.

So if u never move back to CPF after matured and then reinvest straight from money refunded, there will be no bank charges? Not aware of that...