When does BS24105X mature?

BS24105X matures on 17 Sep 2024. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.

What was the bid-to-cover ratio for BS24105X?

BS24105X had a bid-to-cover ratio of 2.29 — investors submitted S$2.29 in bids for every S$1 of issue size.

How does BS24105X's cutoff yield compare to recent 6-month T-bill auctions?

BS24105X's 3.78% cutoff is down 2 bp from the previous 6-month auction. Recent cutoffs: 3.80% (BS24104T, 29 Feb 2024), 3.66% (BS24103H, 15 Feb 2024), 3.54% (BS24102S, 01 Feb 2024).

How does BS24105X's cutoff yield compare to the current SSB?

BS24105X cleared at 3.78%, 211 bp higher than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 6-month; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.

What was BS24105X's cutoff vs median yield spread?

BS24105X cleared at a cutoff of 3.78% versus a median of 3.60% — a 18 bp spread. The cutoff is the highest yield accepted to fill the issue; the median is the middle of all submitted bids.

Can I buy BS24105X with CPF?

T-bills are CPFIS-OA and CPFIS-SA eligible — you can fund the purchase from your CPF Ordinary Account or Special Account via your bank's CPFIS portal. There are bank-specific fees and a "dead-money" gap to watch. See /learn/how-to-buy-t-bills-with-cpf/ for the full mechanics.

6-month T-bill

BS24105X

Auctioned 14 Mar 2024 · Issued 19 Mar 2024 · Matures 17 Sep 2024

Cutoff yield

3.78%

Median yield: 3.60%

Auction details

Bid-to-cover:: 2.29 (S$2.29 in bids for every S$1 of issue size)
Amount issued:: S$6.3B
Tenor:: 6-month

6-month cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 3.78% cutoff is 2 bp lower than the previous 6-month auction (BS24104T, 3.80% on 29 Feb 2024).
Trailing 12 months: Across the previous 26 6-month auctions, cutoffs ranged from 3.54% to 4.07%. This cutoff sits at the median.
Demand: Bid-to-cover of 2.29× was in line with the trailing-12-month average of 2.20×.

Descriptive observations from MAS auction history — not forecasts or recommendations.

How this auction worked

MAS runs a uniform-price auction: every successful bidder — competitive or non-competitive — pays the cutoff yield. The cutoff is the highest yield accepted to fill the issue size; the median is the middle of all submitted bids, so the gap between them shows how far the last accepted bid sat above the middle of the pool. The bid-to-cover ratio is the total amount bid divided by the amount issued.

Allotment outcome

Non-competitive bids:: filled to 96.8% of the amount applied
Competitive bids at the cutoff:: 39.3% of the amount applied
Total bids received:: S$14.4B

As published by MAS for this auction. Non-competitive bids are allotted first and pro-rated only if they exceed 40% of the issue size.

Frequently asked questions

When does BS24105X mature?: BS24105X matures on 17 Sep 2024. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.
What was the bid-to-cover ratio for BS24105X?: BS24105X had a bid-to-cover ratio of 2.29 — investors submitted S$2.29 in bids for every S$1 of issue size.
How does BS24105X's cutoff yield compare to recent 6-month T-bill auctions?: BS24105X's 3.78% cutoff is down 2 bp from the previous 6-month auction. Recent cutoffs: 3.80% (BS24104T, 29 Feb 2024), 3.66% (BS24103H, 15 Feb 2024), 3.54% (BS24102S, 01 Feb 2024).
How does BS24105X's cutoff yield compare to the current SSB?: BS24105X cleared at 3.78%, 211 bp higher than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 6-month; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.
What was BS24105X's cutoff vs median yield spread?: BS24105X cleared at a cutoff of 3.78% versus a median of 3.60% — a 18 bp spread. The cutoff is the highest yield accepted to fill the issue; the median is the middle of all submitted bids.
Can I buy BS24105X with CPF?: T-bills are CPFIS-OA and CPFIS-SA eligible — you can fund the purchase from your CPF Ordinary Account or Special Account via your bank's CPFIS portal. There are bank-specific fees and a "dead-money" gap to watch. See /learn/how-to-buy-t-bills-with-cpf/ for the full mechanics.

BS24105X

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

Explore more

Other 6-month auctions

Compare & cross-check

Learn