1-year T-bill
BY26102T
Auction 23 Jul 2026 · Issued 28 Jul 2026 · Matures 27 Jul 2027
This auction has not been priced yet. Results will appear here after the auction on 23 Jul 2026.
Planned issue size: S$6.3B
1-year cutoff yield history
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, useful as a sanity check on whether the cutoff was pulled up by a few aggressive bids. A bid-to-cover ratio above 2.0 generally signals strong demand.
Frequently asked questions
- When does BY26102T mature?
- BY26102T matures on 27 Jul 2027. T-bills are zero-coupon: you pay below face value at issue and receive the full S$1,000 per bill at maturity.
- Can I buy BY26102T 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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Other 1-year auctions
Compare & cross-check
- Latest 6-month T-bill: BS26114W — 1.55% cutoff
- Latest SSB: GX26080T — 1.46% year 1
- T-bill vs SSB, side by side →
- Return calculator →