When does BY95100W mature?

BY95100W matures on 20 Jun 1996. 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 BY95100W?

BY95100W had a bid-to-cover ratio of 2.00 — investors submitted S$2.00 in bids for every S$1 of issue size.

How does BY95100W's cutoff yield compare to recent 1-year T-bill auctions?

BY95100W's 0.96% cutoff is down 184 bp from the previous 1-year auction. Recent cutoffs: 2.80% (BY94101V, 28 Nov 1994), 2.05% (BY94100N, 28 Mar 1994), 1.08% (BY93101A, 05 Jul 1993).

How does BY95100W's cutoff yield compare to the current SSB?

BY95100W cleared at 0.96%, 71 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 BY95100W 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

BY95100W

Auctioned 19 Jun 1995 · Issued 22 Jun 1995 · Matures 20 Jun 1996

Cutoff yield

0.96%

Auction details

Bid-to-cover:: 2.00 (S$2.00 in bids for every S$1 of issue size)
Amount issued:: S$350M
Tenor:: 1-year

1-year cutoff yield history

Full interactive chart →

This auction in context

Yield change: The 0.96% cutoff is 184 bp lower than the previous 1-year auction (BY94101V, 2.80% on 28 Nov 1994).

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:: 42.0% of the amount applied
Total bids received:: S$699M

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 BY95100W mature?: BY95100W matures on 20 Jun 1996. 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 BY95100W?: BY95100W had a bid-to-cover ratio of 2.00 — investors submitted S$2.00 in bids for every S$1 of issue size.
How does BY95100W's cutoff yield compare to recent 1-year T-bill auctions?: BY95100W's 0.96% cutoff is down 184 bp from the previous 1-year auction. Recent cutoffs: 2.80% (BY94101V, 28 Nov 1994), 2.05% (BY94100N, 28 Mar 1994), 1.08% (BY93101A, 05 Jul 1993).
How does BY95100W's cutoff yield compare to the current SSB?: BY95100W cleared at 0.96%, 71 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 BY95100W 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.

BY95100W

This auction in context

How this auction worked

Allotment outcome

Frequently asked questions

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