BS25107W 6-Month T-Bill Auction Results vs Projection

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/04/10/bs25107w-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 BS25107W 6-Month T-Bill Yield Projection for the projection:

Yield Premium Projection: Projected Cut-Off Yield = 2.57%, ranging from 2.51% to 2.63%

Polynomial Trendline Projection: Projected Cut-Off Yield = 2.95%, ranging from 2.76% to 3.14%

My projected yield was 2.57%.

Today (10 April 2025) the auction results for BS25107W was released here: https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/auction-t-bill?issue_code=BS25107W&issue_date=2025-04-15

BS25107W Cut-Off Yield is 2.50%, which is 7 basis points below my pick of Yield Premium Method projected yield 2.57%.