BS24117F 6-Month T-Bill: Anticipated Cut-Off Yield
Dear readers, the BS24117F 6-month T-bill is now open for application. The auction date of the T-bill is 29 Aug 2024 and the issue date of the T-bill is 3 Sep 24. The maturity of the T-bill is 4 Mar 25.
It is natural for interested applicants of BS24117F 6-month T-bill to ask what the cut-off yield of the T-bill will be. As recent as the T-bill in Jun 24, the cut-off yield was 3.76% per annum which is a decent cut-off yield; however this has since declined in a downtrend to 3.34% per annum in the most recent 6-month T-bill which closed as follows.
BS24111X, auction date: 6 Jun 24; cut-off yield of 3.76% per annum
BS24112W, auction date: 20 Jun 24; cut-off yield of 3.74% per annum
BS24113N, auction date: 4 Jul 24; cut-off yield of 3.7% per annum
BS24114V, auction date: 18 Jul 24; cut-off yield of 3.64% per annum
BS24115A, auction date: 1 Aug 24, cut-off yield of 3.4% per annum
BS24116E, auction date: 15 Aug 24, cut-off yield of 3.34% per annum
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Given the high probability of interest rate reductions by the US Federal Reserve, it is anticipated that the cut-off yield for the BS24117F 6-month T-bill may either decrease further or stabilize in the vicinity of 3.3% per annum.
