What happened?
The latest 6-month Singapore T-bill auction results are out. The cut-off yield of the 6-month Singapore T-bill (BS26108W) was at 1.40% in the auction on 23 April 2026. This represents the first decline after the cut off yield reached 1.47% in the previous 6-month Singapore T-bill auction on 9 April, having increased for consecutive auctions. I have seen some discussion in the Beansprout telegram community about how the T-bill compares to the best fixed deposit rates in Singapore as a place to park our cash to earn a higher yield. In this article, I’ll look at what is driving the decline in T-bill yield, and if there are better alternative options with the lower yield. Source: MAS, as of 23 April 2026
What we learnt from the latest 6-month Singapore T-bill auction
#1 – Demand for the Singapore T-bill surged
Total applications for the 6-month Singapore T-bill…
