Singapore’s Treasury bills draw record demand on signs yields are peaking

SINGAPORE, Jan 29 (Bloomberg): Singapore’s sale of 12-month Treasury bills drew record demand for the maturity as investors sought to lock in higher yields amid speculation they may be close to peaking.

The city state’s sale of S$3.6 billion (US$2.7 billion) of securities due January 2024 drew total bids of S$10.5 billion, an all-time high in data from the Monetary Authority of Singapore starting in 1987.