What happened?
Some investors were watching the latest 6-month Treasury bill auction to see if there would be a significant increase in demand afterward. DBS enabled Treasury bill applications using CPF-OA through Internet banking (i-banking). He the cut-off yield at the last Treasury bill auction on February 2, 2023 fell further to 3.88% per annum. 4.0% of pain the previous auction. However, there was no significant change in the total number of applications for the latest 6-month T-bill compared to the previous auction. Source: MAS
What we learned from the latest Treasury bill auction
#1 – The demand appears unchanged from the previous auction
The total amount of requests for the latest Treasury bill was S$12.9 billion, which is quite similar to the requests for the previous auction. It appears that the ability for DBS customers to now request T-bills using CPF-OA through i-banking has not led to a significant increase in the amount…
