Did you buy BS22125T 6-Month T-bill? Cut off yield 4.28%! and Market Updates

BS22125T 6-Month T-bill

If you refer to my last post on T-Bill, Treasury Bill: Competitive or Non-Competitive on what cut-off yield should be submit, I have said the following:

What yield did you submit?

Auction Result

If we look at the auction result, the cut-off yield is 4.28%. Total amount allocated is 4.4 billions out of the 11.8 billions applied. This mean 37.2% are allocated. Out of these 37.2%, 1.6 billions are given to the non-competitive applications.

The cut-off yield is 4.28%. This mean that for those who submitted competitive bid >4.28% will not get anything. If we compared to my earlier suggestion in my last post (which I have copied the relevant portion for easy reference above), I have suggested to bid at least 4.2% above if we believe the rates will remains high. What have you bid?

What’s next?

Personally, I have submitted a bit for 4.3%. Ops! I missed by 0.02% (4.3-4.28)! I will get everything refunded. Well this is part and parcel of life, bidding for auction etc. It’s ok, as I have mentioned in my previous post https://careyourpresent.com/best-places-to-put-liquid-cash-now/, we have many other alternatives.

There will be an upcoming Singapore Saving Bonds (SSB) with application close date

27 Dec 2022, 9pm – I will apply this!

For my remaining cash, I will put in MoneyOwl WiseSaver as mentioned in this post. The yield has drop a bit but it is still good rates.

For those who are unaware, WiseSaver is investing in Fullerton SGD Cash Fund – Class A (SGD) which invested mainly in SGD Fixed Deposit and backed by Temasek. MoneyOwl itself is under NTUC income. It is as safe as you can get!

You can use my referral link (or key in 6SHU-93MC) to get free $20-$60 Grab Vouchers when you invest with them. Personally there are readers who have used my referral. Thank you!

Moreover, there is a promotion until 31 Dec 2022 now where you can get $20 worth of WiseSaver units by 31 January 2023 if you open WiseSaver Account. Don’t missed it!

Ending Note – Market Update

Before I end this post, I would like to highlight that the market will going to be bad as more earnings are announced with higher interest rate, reducing liquidity by Fed in 2023 (you can also refer to my related posts on market updates). As the saying goes,

DON’T FIGHT THE FED!

Do keep your funds liquid (which I am doing so via UOB ONE, OCBC360, MoneyOwl, FSM, SSB etc) and wait for the chance to create life changing generation wealth when the time come. Capitulation will come soon in 2023. Take care, plan well and stay safe. It will be very sad when you see good and cheap assets but you have no money to buy.

I will end this post with something that I have replied in Twitter.

People cannot timed because they are blinded by fear and greed. Something are very clear but people like to follow the most easy way DCA. We all have limited funds, can one keep dca all the way down? Very likely will give up halfway and that's it, capitulation!

— Careyourpresent(💙,🧡) (@careyourpresent) December 21, 2022

Thanks for reading my article. I truly appreciate that you have visited my site!

If you have any comments about this article or have any other topics that you want me to cover in my site, please feel free to leave a comment at the end. Thanks!

For those who are interested in my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources:

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
• MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
• Trust Bank – a new digital bank. A unique partnership backed by Standard Chartered Bank and FairPrice Group. You can get free bank account with no minimal balance and credit card with no annual fee ever. KNDBPEPT.
• FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
• Hostinger: You can use this link for hosting your new website.
• Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂