The allotment results for Jan 2023 Treasury Bill BS23101S are out!
While the cut-off yield is 4.0%, it is disappointing to find out that only approximately 16% of competitive applications at cutoff are allotted.
I applied for $10k competitive bid and was allocated only $2k. For non-competitive applicants, they will get 100% of the amount they applied for.
Currently, there is another tranche of 1 year T-Bill (BY23100X) open for application for auction on 26 Jan 2023. Hopefully the cutoff yield can remain above 4%. I am contemplating whether to apply again using SRS funds.
Thanks for reading. Invest safe and remain focused as always.
With love & peace,
Qiongster
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