When does BY02100S mature?

BY02100S matures on 02 May 2003. 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 BY02100S?

BY02100S had a bid-to-cover ratio of 1.92 — investors submitted S$1.92 in bids for every S$1 of issue size.

How does BY02100S's cutoff yield compare to recent 1-year T-bill auctions?

BY02100S's 1.00% cutoff is down 20 bp from the previous 1-year auction. Recent cutoffs: 1.20% (BY01101T, 29 Nov 2001), 2.25% (BY01100H, 10 May 2001), 2.80% (BY00101X, 11 Dec 2000).

How does BY02100S's cutoff yield compare to the current SSB?

BY02100S cleared at 1.00%, 67 bp lower than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 1-year; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.

Can I buy BY02100S 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.

1-year T-bill

BY02100S

Auctioned 29 Apr 2002 · Issued 02 May 2002 · Matures 02 May 2003

Cutoff yield

1.00%

Auction details

Bid-to-cover:: 1.92 (S$1.92 in bids for every S$1 of issue size)
Amount issued:: S$2.2B
Tenor:: 1-year

1-year cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 1.00% cutoff is 20 bp lower than the previous 1-year auction (BY01101T, 1.20% on 29 Nov 2001).

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

Competitive bids at the cutoff:: 57.0% of the amount applied
Total bids received:: S$4.2B

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 BY02100S mature?: BY02100S matures on 02 May 2003. 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 BY02100S?: BY02100S had a bid-to-cover ratio of 1.92 — investors submitted S$1.92 in bids for every S$1 of issue size.
How does BY02100S's cutoff yield compare to recent 1-year T-bill auctions?: BY02100S's 1.00% cutoff is down 20 bp from the previous 1-year auction. Recent cutoffs: 1.20% (BY01101T, 29 Nov 2001), 2.25% (BY01100H, 10 May 2001), 2.80% (BY00101X, 11 Dec 2000).
How does BY02100S's cutoff yield compare to the current SSB?: BY02100S cleared at 1.00%, 67 bp lower than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 1-year; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.
Can I buy BY02100S 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.

BY02100S

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

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