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!
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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.

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