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T-bill yield falls to 3.75%. What’s driving the decline?

What happened? The result for the latest 6-month Singapore T-bill auction (BS23122A) came out slightly later than usual. This led some in the Beansprout community to speculate that there might be an exceptionally high amount of applications for the T-bill. Indeed, there was a surge in the applications for the latest 6-month Singapore T-bill compared […]

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