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T-bill yield falls sharply to 3.54%. What’s driving the decline?

What happened? Many investors were surprised by the result of the latest Singapore T-bill auction. The cut-off yield for the 6-month Singapore T-bill (BS24102S) fell sharply to 3.54% from 3.70% in the previous auction. This follows the decline in yield in the recent 1-year Singapore T-bill auction, which offered a cut-off yield of 3.45%. Source: […]

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