When does BY87100S mature?

BY87100S matures on 30 Jun 1988. 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 BY87100S?

BY87100S had a bid-to-cover ratio of 2.85 — investors submitted S$2.85 in bids for every S$1 of issue size.

How does BY87100S's cutoff yield compare to the current SSB?

BY87100S cleared at 3.23%, 156 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 BY87100S 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

BY87100S

Auctioned 29 Jun 1987 · Issued 02 Jul 1987 · Matures 30 Jun 1988

Cutoff yield

3.23%

Auction details

Bid-to-cover:: 2.85 (S$2.85 in bids for every S$1 of issue size)
Amount issued:: S$300M
Tenor:: 1-year

1-year cutoff yield history

Full interactive chart →

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:: 82.0% of the amount applied
Total bids received:: S$855M

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 BY87100S mature?: BY87100S matures on 30 Jun 1988. 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 BY87100S?: BY87100S had a bid-to-cover ratio of 2.85 — investors submitted S$2.85 in bids for every S$1 of issue size.
How does BY87100S's cutoff yield compare to the current SSB?: BY87100S cleared at 3.23%, 156 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 BY87100S 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.

BY87100S

How this auction worked

Allotment outcome

Frequently asked questions

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