BS24109A 6-Month T-Bill Auction Results vs Prediction

This Opinion post first appeared in my blog here:

https://pwlcm.wordpress.com/2024/05/09/bs24109a-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 BS24109A 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 = 3.74%, ranging from 3.66% to 3.82%

Today (9 May 2024) the auction results for BS24109A was released here:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24109A&issue_date=2024-05-14

BS24109A Cut-Off Yield is 3.70%, within the projected yield range in both projection methods, and is lower than the previous 3.74% as projected in my blog post.