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6-month T-bill

BS26119F

Auctioned 24 Sep 2026 · Issued 29 Sep 2026 · Matures 30 Mar 2027

Cutoff yield

1.92%

Median yield: 1.79%

Auction details

Bid-to-cover:
1.88 (S$1.88 in bids for every S$1 of issue size)
Amount issued:
S$8.4B
Tenor:
6-month

6-month cutoff yield history

Full interactive chart →

This auction in context

Descriptive observations from MAS auction history — not forecasts or recommendations.

How this auction worked

MAS runs a uniform-price auction: every successful bidder — competitive or non-competitive — pays the cutoff yield. The cutoff is the highest yield accepted to fill the issue size; the median is the middle of all submitted bids, so the gap between them shows how far the last accepted bid sat above the middle of the pool. The bid-to-cover ratio is the total amount bid divided by the amount issued.

Allotment outcome

Non-competitive bids:
filled in full
Competitive bids at the cutoff:
49.5% of the amount applied
Total bids received:
S$15.8B

As published by MAS for this auction. Non-competitive bids are allotted first and pro-rated only if they exceed 40% of the issue size.

Frequently asked questions

When does BS26119F mature?
BS26119F matures on 30 Mar 2027. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.
What was the bid-to-cover ratio for BS26119F?
BS26119F had a bid-to-cover ratio of 1.88 — investors submitted S$1.88 in bids for every S$1 of issue size.
How does BS26119F's cutoff yield compare to recent 6-month T-bill auctions?
BS26119F's 1.92% cutoff is up 22 bp from the previous 6-month auction. Recent cutoffs: 1.70% (BS26118E, 10 Sep 2026), 1.60% (BS26117A, 27 Aug 2026), 1.56% (BS26116V, 13 Aug 2026).
How does BS26119F's cutoff yield compare to the current SSB?
BS26119F cleared at 1.92%, 25 bp higher than the latest SSB year-1 rate of 1.67% (GX26110X). The T-bill locks funds for the full 6-month; the SSB year-1 rate applies for one year then steps up annually toward the 10-year average of 2.45%.
What was BS26119F's cutoff vs median yield spread?
BS26119F cleared at a cutoff of 1.92% versus a median of 1.79% — a 13 bp spread. The cutoff is the highest yield accepted to fill the issue; the median is the middle of all submitted bids.
Can I buy BS26119F with CPF?
T-bills are CPFIS-OA and CPFIS-SA eligible — you can fund the purchase from your CPF Ordinary Account or Special Account via your bank's CPFIS portal. There are bank-specific fees and a "dead-money" gap to watch. See /learn/how-to-buy-t-bills-with-cpf/ for the full mechanics.

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