Bid 4% T bills in the next tranche

With global interest rates at higher levels, the expectation is that T bills rate will remain high

Europe and USA are now above 4.50% in interest, I expect global investors will demand about 4% from Singapore. Too low a rate they won't bid.

If Singaporeans play it right, it's possible to extract 4% interest from the government because we might be the remaining few parties interested in the low yield T bill because our cash is stuck here.

In the open market, MAS T bill are trading at 3.96% - 4.03% interest. This is the rate the big boys and foreign investors are paying for our T bills.