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mb-4"><h1 data-testid="article-title" class="mb-2 font-lct text-4xl font-bold !leading-[1.3] tracking-[-0.045rem] text-gray-850 md:px-6 md:text-10xl">Latest Singapore six-month T-bill cut-off yield edges up to 3.08%</h1><p class="mb-6 mt-2 font-lucida text-xl tracking-[-0.075rem] text-gray-850 md:px-6 md:text-4xl md:leading-normal">Demand is up in the latest tranche, with auction receiving S$13.7 billion in applications for the S$7 billion on offer</p><div class="mb-6 md:px-6 min-h-[50px] text-gray-850 mt-4 space-y-4 md:flex md:flex-wrap md:space-y-0" data-testid="article-authors-list-component"><div class="flex flex-row items-start justify-start gap-2" data-testid="byline-component"><div class="flex flex-shrink-0 flex-row items-center justify-start"><img class="rounded-full" src="https://cassette.sphdigital.com.sg/image/businesstimes/9947728e2608f48146079839a18e6b067bbc831ea4f8e0d23f7340ddd89fe070" alt="Michelle Zhu" width="50" height="50"/></div><div class="flex flex-col flex-wrap pl-2"><div class="flex flex-wrap gap-x-1.5"><h4 class="align-middle font-poppins font-semibold text-gray-850 word-break text-base" data-testid="byline-name-component"><a class="!text-gray-850 hover:underline" href="/authors/michelle-zhu" target="_blank">Michelle Zhu<!-- --> </a></h4></div><div class="font-public-sans text-xs font-normal leading-6 text-gray-650"><span data-testid="article-published-time">Published <!-- -->Thu, Nov 21, 2024 路 01:23 PM</span></div></div></div></div><div class="mb-3 flex items-center justify-between border-b border-t border-gray-250 py-3 md:mx-6 md:mb-6 md:py-4"><div data-testid="article-keyword-filter-first" class="w-full"><div data-testid="article-top-keyword" class="p-3 inline-block w-full bg-transparent !p-0 relative"><div class="group relative"><div class="flex items-center"><a class="line-clamp-1 place-self-center break-all text-center font-poppins text-base font-semibold capitalize !text-gray-850 border-r-0 px-0 md:px-3" 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class="flex h-full w-full items-center justify-center"><img src="data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2016%2016'%20fill='%232b2b2b'%3e%3cpath%20d='M11.354%201.646a.5.5%200%200%201%200%20.708L5.707%208l5.647%205.646a.5.5%200%200%201-.708.708l-6-6a.5.5%200%200%201%200-.708l6-6a.5.5%200%200%201%20.708%200z'/%3e%3c/svg%3e" width="18" height="18"/></div></button><button class="splide__arrow splide__arrow--next flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] font-semibold text-xs tracking-[0.02em] !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 md:-mr-[2.75rem] min-[1040px]:-right-4 right-0 bg-white aspect-square w-auto" data-size="sm"><div class="flex h-full w-full items-center justify-center"><img src="data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2016%2016'%20fill='%232b2b2b'%3e%3cpath%20d='M4.646%201.646a.5.5%200%200%201%20.708%200l6%206a.5.5%200%200%201%200%20.708l-6%206a.5.5%200%200%201-.708-.708L10.293%208%204.646%202.354a.5.5%200%200%201%200-.708z'/%3e%3c/svg%3e" width="18" height="18"/></div></button></div><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div class="relative h-full"><div class="mx-auto aspect-3x2 w-full max-w-[1400px] bg-gray-250"></div></div></li></ul></div></div><div class="splide"><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div><div class="py-2 px-3 font-poppins text-xs text-gray-850 md:px-8">Singapore is expected to issue up to another S$450 billion in government securities. PHOTO: BLOOMBERG</div></div></li></ul></div></div></div><div class="body-content tracking-tighter mb-6 mt-4 font-lucida text-lg font-medium leading-normal tracking-[-0.05625rem] text-gray-850 antialiased md:px-8 md:text-xl" data-testid="article-paragraphs-component"><div class="relative mb-4 md:mb-6"><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">THE cut-off yield on Singapore鈥檚 latest six-month Treasury bill (T-bill) rose slightly to 3.08 per cent, from 3.04 per cent in the previous six-month <a href="/companies-markets/latest-singapore-6-month-t-bill-cut-yield-rises-3-04" target="_blank" rel="noopener noreferrer">auction that closed on Nov 7</a>.</p><div class="mb-4 md:mb-6" data-story-element="embed" data-testid="embed-component"><div class="flourish-embed" data-src="visualisation/18669657?338859"></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Auction results released by the Monetary Authority of Singapore on Thursday (Nov 21) showed that demand grew in the latest tranche, with the auction receiving a total of S$13.7 billion in applications for the S$7 billion on offer.</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">This represented a bid-to-cover ratio of 1.96 versus the previous auction鈥檚 ratio of 1.82 when S$12.3 billion in applications were received for the S$6.8 billion on offer.</p><div class="my-8 md:my-12 w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div class="text-center text-center" data-testid="advertisement-element"><div id="dfp-ad-imu1" class="adunit-component"></div></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The latest auction鈥檚 median yield stood at 2.95 per cent per annum, unchanged from the same amount as at Oct 24. Average yield grew to 2.76 per per cent per annum from 2.72 per cent previously.</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Non-competitive bids totalled S$2 billion and were fully allocated. About 91 per cent of competitive applications at the cut-off yield were allotted.聽</p><div class="mb-4 md:mb-6" data-story-element="embed" data-testid="embed-component"><div class="flourish-embed" data-src="visualisation/18735763?338859"></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Singapore is expected to issue <a href="/singapore/more-singapore-savings-bonds-t-bills-be-issued-government-raises-borrowing-limit-s1-515-trillion" target="_blank" rel="noopener noreferrer">up to another S$450 billion</a> in government securities after a parliamentary motion was passed on Nov 12 to raise the government鈥檚 issuance limit to S$1.515 trillion from S$1.065 previously. </p><div class="mb-6 mt-8 border border-gray-175 p-6 md:-mx-8 md:mt-0 md:p-8" data-testid="article-read-more"><div><div class="mb-6 border-b border-gray-850 pb-2 !font-poppins text-base font-semibold leading-normal tracking-5% text-gray-850 md:text-lg">SEE ALSO</div><div data-testid="section-article-read-more"><div class="mb-6" data-testid="article-read-more-items"><div data-testid="basic-card" data-cueid="5346325" class="relative flex flex-wrap items-start gap-4"><div class="relative flex order-1 flex-shrink-0 w-[70px] lg:w-[90px]"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/more-singaporeans-invest-worries-persist-over-overspending-lack-retirement-planning-ocbc-survey" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a27f1ba15ca7290da27955bf42f04c4534d074b7e7791e1651e58c4c70729f17?w=180&h=120&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a27f1ba15ca7290da27955bf42f04c4534d074b7e7791e1651e58c4c70729f17?w=140&h=100&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a27f1ba15ca7290da27955bf42f04c4534d074b7e7791e1651e58c4c70729f17?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/a27f1ba15ca7290da27955bf42f04c4534d074b7e7791e1651e58c4c70729f17?q=20&w=3&h=2&f=webp" loading="lazy" alt="2024鈥檚 Financial Wellness Index score rose by 1 point to 61 points, which OCBC noted is in tandem with economic growth. " class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-full-120px lg:w-2/3 order-2 text-white"><h3 class="_title_d4ajx_12 !text-base my-0 leading-[1.3rem] tracking-normal !font-lct" data-testid="title_link_5346325"><a class="inherit word-break hover:underline !text-gray-850" rel="noopener" title="More Singaporeans invest, but worries persist over overspending, lack of retirement planning: OCBC survey" href="/companies-markets/more-singaporeans-invest-worries-persist-over-overspending-lack-retirement-planning-ocbc-survey" target="_blank">More Singaporeans invest, but worries persist over overspending, lack of retirement planning: OCBC survey</a></h3></div></div></div></div></div></div><div class="w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div class="text-center text-center" data-testid="advertisement-element"><div id="dfp-ad-midarticlespecial" class="adunit-component my-8 md:my-12"></div></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The new limit is expected to last until 2029.</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Over 60 per cent of the S$450 billion increase is anticipated to be issued as Special Singapore Government Securities to meet the Central Provident Fund鈥檚 investment needs. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The rest of the increase is for projected issuances of Singapore Savings Bonds, T-Bills and Singapore Government Securities (Market Development).</p></div><div class="mb-6 border-t border-gray-175"><section class="mx-auto my-4 w-full" data-testid="article-purchase-link-component"><section class="mx-auto flex w-full flex-wrap items-center justify-between gap-4 lg:gap-0 lg:px-3" data-testid="article-purchase-link-version-2-component"><p class="mb-0 font-public-sans text-xs tracking-normal">Copyright The Business Times. All rights reserved.</p><div class="flex flex-wrap"><a class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] font-semibold text-xs tracking-[0.02em] w-fit-content mb-4 mr-4 px-6 !text-gray-850 !no-underline xs:mb-0" href="https://newspost.newslink.sg/?publication=BT&title=Latest%20Singapore%20six-month%20T-bill%20cut-off%20yield%20edges%20up%20to%203.08%25&date=2024-11-21T05%3A23%3A34.000Z" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" data-testid="link-button-undefined" data-size="md">Purchase Article</a><a class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 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