The latest 6 months T-bill auction saw a cut-off yield of 3.78% p.a.
Pretty decent although it dipped slightly from 3.8% p.a. we saw in the auction before this.
Better than the 3.4% p.a. offer from CIMB for a 6 months fixed deposit.
So, good enough for me.
Around 96% of non-competitive applications, total S$2.5 billion, were allotted in the latest auction.
Fortunately, I applied for the T-bill not only with funds that came back from a matured T-bill, I topped up with fresh funds.
So, I got to strengthen my T-bill ladder nonetheless.
Money from the partial sale of my investment in Sabana REIT is in.
The plan is to deploy the funds when there is a pull-back in the stock prices of our local banks.
I will park the money in upcoming T-bills for the time being.
Just AK talking to himself, as usual.
If AK can do it, so can you!