BS24112W 6-Month T-Bill Auction Results vs Prediction

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/06/20/bs24112w-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 BS24112W 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection: Projected Cut-Off Yield = 3.72%, ranging from 3.62% to 3.82%

Polynomial Trendline Projection: Projected Cut-Off Yield = 3.76%, ranging from 3.69% to 3.83%

Today (20 June 2024) the auction results for BS24112W was released here: https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24112W&issue_date=2024-06-25

BS24112W Cut-Off Yield is 3.74%, exactly at the midpoint between the projected yields 3.72% and 3.76% from both projection methods.