Yield for Singapore’s latest 1-year T-bill tumbles to 2.71%

Quick Summary:

Yields are likely to grind lower over the next few months as investors await further rate cuts by the US Fed.

Yields are likely to grind lower over the next few months as investors await further rate cuts by the US central bank.

Ms Frances Cheung, head of foreign exchange and rates strategy at OCBC, said the cut-off yield was below expectations and the 67 basis point (bps) drop is “slightly more than the movement in market rate would have implied”.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Yields Cent Tumbles Latest Months 1-year Auction Yield Singapore’s T-bill Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 09:14:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23117689

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