T-bills continue to be a safe harbour for risk-averse investors even as yields fall below 3%

Quick Summary:

The short maturity period of six months to a year means investors can get back their cash within a short period, making T-bills more liquid compared with other investments which have a longer time to maturity.

Yields at the Aug 1 auction came in at 3.4 per cent, down 0.24 percentage points from the 3.64 per cent recorded in the July 18 auction.

Investors will get a return of 2.97 per cent, down 0.13 percentage points from the 3.1 per cent recorded in the Sept12 auction.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Yield Cent Yields Rates Wong Interest T-bill Investors Falling Auction T-bills

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 17:55:12 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1102 words

Reading Time: 7 minutes read

Sentences: 48 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22721842

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