BS24107N 6-Month T-Bill Auction Results vs Prediction

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/04/11/bs24107n-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 BS24107N 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection:
Projected Cut-Off Yield = 3.62%, ranging from 3.51% to 3.73%

Polynomial Trendline Projection:
Projected Cut-Off Yield = 3.66%, ranging from 3.57% to 3.75%

Today (11 April 2024) the auction results for BS24107N was released here:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24107N&issue_date=2024-04-16

BS24107N Cut-Off Yield is 3.75%, this time round hit the upper boundary of the projected yield range based on Polynomial Trendline Projection, and slightly above the range based on Yield Premium Projection.