BS24106W 6-Month T-Bill Auction Results vs Prediction

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/03/27/bs24106w-6-month-t-bill-auction-results-vs-prediction/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Refer to BS24106W 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection: Projected Cut-Off Yield = 3.72%, ranging from 3.61% to 3.83%

Polynomial Trendline Projection: Projected Cut-Off Yield = 3.65%, ranging from 3.55% to 3.75%

Today (27 March 2024) the auction results for BS24106W was released here: https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24106W&issue_date=2024-04-02

BS24106W Cut-Off Yield is 3.80%, this time round within the projected yield range based on Yield Premium Projection, and slightly above the range based on Polynomial Trendline Projection.