Six-month Treasury bill yield at 3.84%.

44% of the applicants who submitted competitive bids at the cut-off yield were allotted.

The Treasury bill (T-bill) auction for the six-month period ended with a cut-off yield of 3.84% on Thursday, data from the Monetary Authority of Singapore showed.

Compared with the auction previously in 25 May, its cut-off yield ended at 3.85%.

It also ended with a cut-off price of 98.09, a medium price of 98.17, and an average price of 98.33.

An offer of $5.2b was on hand, which garnered $11.5b in applications. Thus, its bid-to-cover ratio was about 2.21.

Meanwhile, the amount allotted to non-competitive applications reached $1.9b.

Approximately 44% of the applicants who submitted competitive bids at the cut-off yield were allotted, while those who requested a lower yield received full allotment, and those who asked for a higher yield were not allotted.

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