Singapore's T-bill yields drop to 1.59% - but experts warn your spending power might vanish

Singapore's six-month Treasury bill yields just hit 1.59%, down from 1.68% in late July, marking the lowest cut-off yield we've seen all year. It's like watching your savings account interest shrink while your grocery bill grows - not exactly the summer romance we were hoping for.

The yield has been sliding downhill for 11 consecutive auctions since March, yet investors are throwing money at these T-bills like they're concert tickets for a reunion tour. The bid-to-cover ratio jumped from 1.69 to 2.39, proving that when everything else feels risky, people still trust the government to pay them...