1 year T-bill yield falls to 1.35%. What’s driving the decline?

What happened?

If you’ve been eyeing T-bills as a place to park your cash, the latest numbers might be a letdown. The cut-off yield for the 1-year Singapore T-bill (BY25103W) has dropped to 1.35% in the latest auction on 15 October.  This follows a trend of declining T-bill yields in the past few months with lower interest rates.  Source: MAS This latest 1-year T-bill yield is lower compared to the yield of 1.68% in the previous 1-year T-bill auction. Source: MAS Let us find out what may be driving the decline in the 1-year T-bill yield.

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