Video: Singapore banks see higher investor interest in T-bills as inflation rises

More Singaporeans are turning to short-term money market instruments like treasury bills to keep up with inflation. Some local banks said investor interest in these assets has more than tripled in the past three months, leading to T-bills being oversubscribed. Only about half of the applicants are getting their desired allocation. ​​Yields for the latest six-month tranche are at 3.9%. The banks said more people are investing in T-bills using their CPF funds, as the returns are higher than the interest rate of 2.5% for CPF Ordinary Accounts.

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