T-bill yields could stay above 3% and remain an investment option for cash and CPF funds: Analysts

The cut-off yield on the one-year auction of Singapore Treasury Bills on April 18 is back up above 3.5 per cent.

Market watchers expect T-bill yields to hover around 3.5 per cent to 3.8 per cent, given that the United States Federal Reserve signalled on April 16 that it will wait longer than previously anticipated to cut rates. Mr Wong Di Ming, research analyst in the bond research team at Bondsupermart, said tensions in the Middle East have pushed up oil prices, which have helped keep inflation high.

Mr Phoon expects yields on six-month T-bills to stay at around 3.65 per cent to 3.85 per cent, while one-year T-bills will be around 3.5 per cent. T-bills continue to offer returns for investors who have spare cash or who are looking to park the funds in their Central Provident Fund Ordinary Account .

Investors will have to decide where to put this cash and OA funds that have matured or will be maturing.

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