BS24123F 6-Month T-Bill Auction Results vs Projection

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/11/21/bs24123f-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 BS24123F 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection:
Projected Cut-Off Yield = 3.03%, ranging from 2.95% to 3.11%

Polynomial Trendline Projection:
Projected Cut-Off Yield = 2.56%, ranging from 2.26% to 2.86%

Today (21 November 2024) the auction results for BS24123F was released here:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS24123F&issue_date=2024-11-26

BS24123F Cut-Off Yield is 3.08%, 4 basis points above previous T-bill issue BS24122E, and 5 basis points above the projected yield for the Yield Premium Projection method.