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T-bill auction attracts record number of bids; 49% of non-competitive bids allotted by MAS
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Thursday’s T-bill auction had a cut-off yield of 4 per cent and a cut-off price of $98.005.
PHOTO: AFP
SINGAPORE – There was such an overwhelming response to the latest auction of six-month Treasury Bills (T-bills) that the Monetary Authority of Singapore (MAS) has had to delay publication of the results.
There were more than 92,000 bids – a record high and far in excess of the bids at the last T-bill auction, MAS noted on Thursday.
