Singapore Treasury bills (T-bills)

[reddevil0728]

Yup. Cannot be verified but a possibility

Yep anything is possible including it might just be the actual reflection of the market condition based on rational decision making

 

[LWZ]

Yep anything is possible including it might just be the actual reflection of the market condition based on rational decision making

ya, might be

 

[papercar]

I have a sum of money that just mature from the previous T-Bills, I'm thinking of whether to put in the next T-bill, or SSB.
Given the previous T-Bill was 2.3%, The next month SSB 1st year is 2.2%, I thinking to bid the next T-Bills for 2.2%. If it fails, then I will put the money into SSB.
Do you all think this is a good strategy?

 

[reddevil0728]

I have a sum of money that just mature from the previous T-Bills, I'm thinking of whether to put in the next T-bill, or SSB.
Given the previous T-Bill was 2.3%, The next month SSB 1st year is 2.2%, I thinking to bid the next T-Bills for 2.2%. If it fails, then I will put the money into SSB.
Do you all think this is a good strategy?

It might be bad if you only put 2.2% and it’s exactly 2.2%

 

[papercar]

It might be bad if you only put 2.2% and it’s exactly 2.2%

I thinking if it's exactly 2.2%, then I will put those not allocated into SSB.

 

[reddevil0728]

I thinking if it's exactly 2.2%, then I will put those not allocated into SSB.

instead of spreading it out for materially identical returns. u might as well be slightly more aggressive with your t-bill bid? and if turn out to be not possible then just wholesale into ssb?

 

[vsvs24]

I have a sum of money that just mature from the previous T-Bills, I'm thinking of whether to put in the next T-bill, or SSB.
Given the previous T-Bill was 2.3%, The next month SSB 1st year is 2.2%, I thinking to bid the next T-Bills for 2.2%. If it fails, then I will put the money into SSB.
Do you all think this is a good strategy?

Between 6 mths tbill and SSB, go for SSB. Rates are falling. 6 mths later, you might not even get 2.2% for SSB.

If rates move up, when you need the funds or a better opportunity comes along within the 10 yrs , you can always redeem SSB in full or partially.

 

[ericcsn]

I have a sum of money that just mature from the previous T-Bills, I'm thinking of whether to put in the next T-bill, or SSB.
Given the previous T-Bill was 2.3%, The next month SSB 1st year is 2.2%, I thinking to bid the next T-Bills for 2.2%. If it fails, then I will put the money into SSB.
Do you all think this is a good strategy?

Depends on the amount and whether you already have high yield saving account HYSA (there are to my mind about 7 out there).

If going for straight forward type, and amount is more than:
1. $80K - might want to look at ocbc 2.58% for 88 days.
2. much higher amount, need to check out premier accounts (nice welcome gifts).

 

[concreteman]

wonder if T-bill will drop below 2%?

 

[reddevil0728]

wonder if T-bill will drop below 2%?

When?

 

[concreteman]

When?

I meant upcoming t-bills , will it ever fall to less than 2%

 

[reddevil0728]

I meant upcoming t-bills , will it ever fall to less than 2%

I don’t see why not? Just a matter of time?

 

[vsvs24]

I meant upcoming t-bills , will it ever fall to less than 2%

Tbill was merely 0.48% in Jan 2022. Went up after US Fed increase rates.

 

[Derrick lcl]

US treasury got downgraded so interest is going up. See if it impacts our rates

 

[sglandscape]

US treasury got downgraded so interest is going up. See if it impacts our rates

The Singapore rates all crashing, damn sian

 

[reddevil0728]

The Singapore rates all crashing, damn sian

Good for borrowers!

 

[sdexxxxd]

Allotment
Total Amount Allotted
S$7.5 billion
Amount Allotted to Non-Competitive Applications
S$1.5 billion
Amount Allotted to MAS
S$0.0 million
Total Amount Applied
S$18.1 billion
% of Competitive Applications at Cut-off Allotted
Approximately 59%
% of Non-Competitive Applications Allotted
100%
Bid-to-Cover Ratio
2.41

Yield and Price
Cut-off Yield
2.2% p.a.
Cut-off Price
98.903
Median Yield
2.18% p.a.
Median Price
98.913
Average Yield
2.07% p.a.
Average Price
98.968

 

[lzydata]

Still trending downwards.

 

[sglandscape]

Full refund, at those rates it's so bad might as well put FD

 

[~sabaisabai~]

Full refund, at those rates it's so bad might as well put FD

FD higher?