BS24114V 6-Month T-Bill Auction Results vs Projection

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/07/18/bs24114v-6-month-t-bill-auction-results-vs-projection/

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 BS24114V 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection:
Projected Cut-Off Yield = 3.59%, ranging from 3.50% to 3.68%

Polynomial Trendline Projection:
Projected Cut-Off Yield = 3.82%, ranging from 3.75% to 3.89%

Today (18 July 2024) the auction results for BS24114V was released here:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24114V&issue_date=2024-07-23

BS24114V Cut-Off Yield is 3.64%, indeed near the midpoint within my projected yield range of 3.59% to 3.68%.