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T-bill yield falls to lowest level since March. What’s driving the decline?

What happened? The cut-off yield on the latest 6-month T-bill auction (BS23116F) on 17 August 2023 has fallen further to 3.73%. Source: MAS   This represents a slight decline from the cut-off yield of 3.75% in the previous auction on 3 August. It also marks the lowest cut-off yield for the 6-month T-bill since March […]

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