When does BY05101F mature?

BY05101F matures on 30 Nov 2006. 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 BY05101F?

BY05101F had a bid-to-cover ratio of 1.76 — investors submitted S$1.76 in bids for every S$1 of issue size.

How does BY05101F's cutoff yield compare to recent 1-year T-bill auctions?

BY05101F's 3.03% cutoff is up 88 bp from the previous 1-year auction. Recent cutoffs: 2.15% (BY05100E, 27 Apr 2005), 1.34% (BY04101Z, 26 Nov 2004), 0.80% (BY04100F, 28 Apr 2004).

How does BY05101F's cutoff yield compare to the current SSB?

BY05101F cleared at 3.03%, 136 bp higher 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 BY05101F 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

BY05101F

Auctioned 28 Nov 2005 · Issued 01 Dec 2005 · Matures 30 Nov 2006

Cutoff yield

3.03%

Auction details

Bid-to-cover:: 1.76 (S$1.76 in bids for every S$1 of issue size)
Amount issued:: S$2.3B
Tenor:: 1-year

1-year cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 3.03% cutoff is 88 bp higher than the previous 1-year auction (BY05100E, 2.15% on 27 Apr 2005).

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:: 19.3% of the amount applied
Total bids received:: S$4.1B

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 BY05101F mature?: BY05101F matures on 30 Nov 2006. 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 BY05101F?: BY05101F had a bid-to-cover ratio of 1.76 — investors submitted S$1.76 in bids for every S$1 of issue size.
How does BY05101F's cutoff yield compare to recent 1-year T-bill auctions?: BY05101F's 3.03% cutoff is up 88 bp from the previous 1-year auction. Recent cutoffs: 2.15% (BY05100E, 27 Apr 2005), 1.34% (BY04101Z, 26 Nov 2004), 0.80% (BY04100F, 28 Apr 2004).
How does BY05101F's cutoff yield compare to the current SSB?: BY05101F cleared at 3.03%, 136 bp higher 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 BY05101F 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.

BY05101F

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

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