BS24108V 6-Month T-Bill Auction Results vs Prediction

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/04/25/bs24108v-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.

__

Refer to BS24108V 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 = 3.72%, ranging from 3.63% to 3.81%

Today (23 April 2024) the auction results for BS24108V was released here:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24108V&issue_date=2024-04-30

BS24108V Cut-Off Yield is 3.74%, this time round just 2 basis points above the projected cut-off yield based on Polynomial Trendline, and 1 basis point above the upper boundary based on Yield Premium Projection.