When does BY02101H mature?

BY02101H matures on 01 Dec 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 BY02101H?

BY02101H had a bid-to-cover ratio of 2.15 — investors submitted S$2.15 in bids for every S$1 of issue size.

How does BY02101H's cutoff yield compare to recent 1-year T-bill auctions?

BY02101H's 0.80% cutoff is down 20 bp from the previous 1-year auction. Recent cutoffs: 1.00% (BY02100S, 29 Apr 2002), 1.20% (BY01101T, 29 Nov 2001), 2.25% (BY01100H, 10 May 2001).

How does BY02101H's cutoff yield compare to the current SSB?

BY02101H cleared at 0.80%, 87 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 BY02101H 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

BY02101H

Auctioned 27 Nov 2002 · Issued 02 Dec 2002 · Matures 01 Dec 2003

Cutoff yield

0.80%

Auction details

Bid-to-cover:: 2.15 (S$2.15 in bids for every S$1 of issue size)
Amount issued:: S$2.4B
Tenor:: 1-year

1-year cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 0.80% cutoff is 20 bp lower than the previous 1-year auction (BY02100S, 1.00% on 29 Apr 2002).

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:: 20.0% of the amount applied
Total bids received:: S$5.2B

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 BY02101H mature?: BY02101H matures on 01 Dec 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 BY02101H?: BY02101H had a bid-to-cover ratio of 2.15 — investors submitted S$2.15 in bids for every S$1 of issue size.
How does BY02101H's cutoff yield compare to recent 1-year T-bill auctions?: BY02101H's 0.80% cutoff is down 20 bp from the previous 1-year auction. Recent cutoffs: 1.00% (BY02100S, 29 Apr 2002), 1.20% (BY01101T, 29 Nov 2001), 2.25% (BY01100H, 10 May 2001).
How does BY02101H's cutoff yield compare to the current SSB?: BY02101H cleared at 0.80%, 87 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 BY02101H 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.

BY02101H

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

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