Here's what to expect for the 6-month Singapore T-bill auction on 13 August

What happened?

The next 6-month Singapore T-bill auction (BS26116V) will be on 13 August.

In the previous auction on 30 July, the cut-off yield for the 6-month Singapore T-bill rose to 1.59% from the yield of 1.55% in the previous auction on 16 July.

We have also seen the cut-off yield for the latest 1-year Singapore T-bill rose to 1.68%.

With the cut-off yield rising, I have seen more discussion in the Beansprout community about whether Singapore T-bill yields could continue to increase.

In this article, I’ll look at some of the latest indicators to help us understand what the upcoming cut-off yield might be.

Here's what to expect for the Singapore T-bill auction on 13 August

#1 – US 10-year government bond yields dipped

The 10-year US government bond yield dipped slightly to 4.67% as of 7 August 2026, lower than its level of 4.70% two weeks ago.

US government bond yields remained elevated as persistent inflation, volatile oil prices and resilient economic data raised expectations that the Federal Reserve may keep interest rates higher for longer.

At its most recent meeting, the Federal Reserve also raised its inflation and rates outlook for 2026.

You can check the latest 10-year US government bond yield here.

Similarly, the 1-year US government bond yield edged lower to 4.06% as of 7 August 2026, from 4.15% two weeks earlier.

#2 – Singapore government bond yields moved lower

The 10-year Singapore government bond yield was at 2.28% as of 7 Aug 2026, down from 2.41% two weeks ago.

The decrease in the 10-year yield mirrored the fall in the US 10-year government bond yield.

You can check the latest 10-year Singapore government bond yield here.

The closing yield on the 6-month T-bill was at 1.55% on 6 August 2026, close to the cut-off yield of 1.59% in the previous T-bill auction on 30 July.

The yield on the 3-month MAS bill can also indicate the yields for shorter-maturity Singapore government bonds.

The cut-off yield was at 1.47% in the auction on 4 August 2026, lower than the cut-off yield of 1.56% on 28 July.

#3 – Issuance size is higher than the previous auction

The issuance size of the upcoming 6-month Singapore T-bill is $8.7 billion, higher than the previous auction size of $8.6 billion on 30 July.

We saw a rise in T-bill applications to S$18.1 billion in the auction on 30 July from S$16 billion in the auction on 16 July.

The larger issuance size may help to offset stronger demand for T-bills and support the cut-off yield in the upcoming auction.

What would Beansprout do?

The closing yield on the 6-month Singapore T-bill was 1.55% on 6 August, close to the cut-off yield of 1.59% in the previous auction.

Since then, government bond yields in both Singapore and the US have moved slightly lower.

While the upcoming T-bill issuance is larger at S$8.7 billion, demand has also been strong, so I would watch both factors before deciding how much to apply for. 

The larger issuance size could provide some support to yields, but strong demand may limit how much the cut-off yield rises.

I have been evaluating my financial plan to make sure it offers me sufficient security and peace of mind.

The first step is to make sure I have sufficient cash put aside for unexpected expenses through my liquidity pot within Beansprout's four pots of wealth, where I would then put into a mix of savings accounts, fixed deposits, T-bills, SSBs and money market funds. Learn more about the liquidity pot here. 

Then, I would see how I can earn a higher yield on this pot of emergency cash, while maintaining the liquidity I may need.

Currently, the closing yield on the 6-month Singapore T-bill of 1.55% is slightly lower than the best 6-month fixed deposit rate of 1.60% p.a.

With some banks starting to increase savings account interest rates, we were able to find savings accounts in Singapore that offer an interest rate of above 1.55% p.a.

The current issuance of the Singapore Savings Bonds (SSB) offers a 1-year return of 1.52%, and 10-year average return of 2.25% p.a., while offering the flexibility to redeem prior to maturity. 

Within my Four Pots of Wealth, this cash forms part of my liquidity pot, which gives me a stable base while the rest of my portfolio remains invested.

By keeping enough accessible cash in this pot, I am better able to ride through market volatility without having to sell my investments at the wrong time. Learn more about the liquidity pot here.

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• Reminder for Tbill

The 6-month Singapore auction will be held on 13 August (Thursday). We would need to put in our cash applications for the T-bills by 9pm on 12 August (Wednesday).

Applications for the T-bills using CPF-OA will close 1-2 business days before the auction date, and the dates differ across the three local banks.

• Applications for T-bills online using CPF OA via DBS close at 9pm on 12 August (Wednesday). Read our step-by-step guide to applying via DBS.
• Application for T-bills online using CPF OA via OCBC close at 9pm on 12 August (Wednesday). Read our step-by-step guide to applying via OCBC
• Applications for T-bills online using CPF OA via UOB close at 9pm on 11 August (Tuesday). Read our step-by-step guide to applying via UOB.  

Do you prefer to park your cash in T-bills or fixed deposits? Share with us in the comments below or in our Telegram group!

If you are new to investing in the T-bill, check out our comprehensive guide to Singapore T-bills to learn more.

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