🔑 Key Highlights:
- This week’s T-bill auction resulted in a cut-off yield of 3.04%, with a cut-off price of 98.484.
- The median yield was 2.95% p.a., while the average yield was 2.72% p.a.
- Some forum members expressed surprise at the high yield, but others pointed out that it’s not uncommon.
- Discussions around the interest rates and yields for T-bills continued, with some members sharing their experiences and strategies for investing.
- The upcoming US election and potential interest rate cuts by the Feds were also topics of discussion.
💡 Main Discussion Points:
- The T-bill auction results were the main focus of discussion this week.
- Forum members shared their experiences and strategies for investing in T-bills using CPF or cash.
- Some members discussed the potential impact of the US election and interest rate cuts by the Feds on the Singaporean economy.
- Others shared their opinions on the attractiveness of T-bills compared to fixed deposits (FDs) and other investment options.
- The discussion also touched on the importance of understanding the refund mechanism for CPF investment in T-bills.
📋 Important Details:
- The cut-off yield for this week’s T-bill auction was 3.04%.
- The cut-off price was 98.484.
- The median yield was 2.95% p.a., while the average yield was 2.72% p.a.
- Interested investors can apply for the next T-bill auction, with applications closing at 9pm on the last day of application.
💭 Community Insights:
- Forum members shared their experiences and strategies for investing in T-bills using CPF or cash.
- Some members pointed out that the yield for T-bills is not always the highest, but it’s a relatively safe investment option.
- Others shared their opinions on the attractiveness of T-bills compared to FDs and other investment options.
⚠️ Things to Note:
- Some members expressed confusion about the refund mechanism for CPF investment in T-bills, and were advised to check their CPF transaction history for clarification.
- Others pointed out that the yield for T-bills may not always be the highest, and investors should consider other options before making a decision.
- Forum members were also advised to be cautious when investing in T-bills, as the market can be volatile.
References:
- https://growbeansprout.com/tools/tbill-calculator
- https://growbeansprout.com/t-bill-auction-7-nov-2024