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Weekly recap: Fixed deposit rates and T-bill yields are falling

The surprise this week was a sharp decline in the yield on the 1-year Singapore T-bill.  The cut-off yield fell to 3.45% in the latest auction from 3.7% in the previous auction. This mirrors what we have seen in the recent 6-month Singapore T-bill auction, where a surge in demand also led to lower yields.  […]

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