When does BS24124Z mature?

BS24124Z matures on 10 Jun 2025. 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 BS24124Z?

BS24124Z had a bid-to-cover ratio of 2.45 — investors submitted S$2.45 in bids for every S$1 of issue size.

How does BS24124Z's cutoff yield compare to recent 6-month T-bill auctions?

BS24124Z's 3.00% cutoff is down 8 bp from the previous 6-month auction. Recent cutoffs: 3.08% (BS24123F, 21 Nov 2024), 3.04% (BS24122E, 07 Nov 2024), 2.99% (BS24121A, 24 Oct 2024).

How does BS24124Z's cutoff yield compare to the current SSB?

BS24124Z cleared at 3.00%, 133 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 BS24124Z's cutoff vs median yield spread?

BS24124Z cleared at a cutoff of 3.00% versus a median of 2.90% — a 10 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 BS24124Z 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

BS24124Z

Auctioned 05 Dec 2024 · Issued 10 Dec 2024 · Matures 10 Jun 2025

Cutoff yield

3.00%

Median yield: 2.90%

Auction details

Bid-to-cover:: 2.45 (S$2.45 in bids for every S$1 of issue size)
Amount issued:: S$7.1B
Tenor:: 6-month

6-month cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 3.00% cutoff is 8 bp lower than the previous 6-month auction (BS24123F, 3.08% on 21 Nov 2024).
Trailing 12 months: Across the previous 26 6-month auctions, cutoffs ranged from 2.97% to 3.80%. This cutoff sits below the median.
Demand: Bid-to-cover of 2.45× was above the trailing-12-month average of 2.21×.

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 in full
Competitive bids at the cutoff:: 4.2% of the amount applied
Total bids received:: S$17.4B

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 BS24124Z mature?: BS24124Z matures on 10 Jun 2025. 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 BS24124Z?: BS24124Z had a bid-to-cover ratio of 2.45 — investors submitted S$2.45 in bids for every S$1 of issue size.
How does BS24124Z's cutoff yield compare to recent 6-month T-bill auctions?: BS24124Z's 3.00% cutoff is down 8 bp from the previous 6-month auction. Recent cutoffs: 3.08% (BS24123F, 21 Nov 2024), 3.04% (BS24122E, 07 Nov 2024), 2.99% (BS24121A, 24 Oct 2024).
How does BS24124Z's cutoff yield compare to the current SSB?: BS24124Z cleared at 3.00%, 133 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 BS24124Z's cutoff vs median yield spread?: BS24124Z cleared at a cutoff of 3.00% versus a median of 2.90% — a 10 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 BS24124Z 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.

BS24124Z

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

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