Fixed deposit rates are falling and T-bill yields have also fallen

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The surprise of the week was a The yield on the 1-year Singapore Treasury Bill has dropped sharply.

The following are some of the ways to get in touch with each other: The latest auction saw the cut-off yield drop to 3.45% The previous auction saw a 3.7% increase.

This is similar to the recent Singapore 6-month T-bills auction where a surge of demand led to lower yields.

The best fixed deposit rates from banks have also declined, with the Best 12-month Fixed Deposit Rate Now Only at 3.3%

Find out what this could mean for you Auction of 6-month T-bills to be held on 1 February.

Source: Bloomberg. Price as of 19 Jan 2024, market close.

🔎 WHAT’S THE FED’S NEXT STEP?

What happened?

Investors have lowered their expectations for interest rate reductions ahead of the Federal Reserve’s first meeting of the year, on 30-31-January.

According to the CME Fedwatch Tool investors expect the Fed to maintain interest rates at the next meeting ….



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