How can I find out more about treasury bills
How can people find out more about treasury bills? In today's internet enabled world, it is shocking that an internet search for the term "Singapore treasury bills" only yields 73 results!
The top secret investment in Singapore
That shows that treasury bills are indeed the "secret" that financial institutions in Singapore appear to be keeping close to their chest. And who can blame them? Treasury bill transactions are basically borrowings by the Government, through the Monetary Authority of Singapore, from financial institutions, corporates and retail investors. But retail investors have not been educated on this very low risk and at time reasonable yielding product that is available for the low investment amount of SGD 1,000 (Singapore Dollars One Thousand Only)! Financial institutions who are primary dealers in Singapore Government Securities (SGS) do not earn any fees from their customers walking into the banking hall and asking to buy treasury bills. They need to process the application as part of their role as a primary dealer in SGS.
Treasury bills compete against fixed deposits
If bank customers put money in treasury bills, banks would not be able to borrow from them and would lose out a valuable source of cheap funds which is their fixed deposits and savings accounts. Banks are borrowing at such low rates they pay on savings accounts and then in return lending out such funds to consumers in terms of credit card debt, personal credit, car loans, home mortgages and business loans etc. Why rock their gravy train? Why make it difficult for themselves to borrow cheap funds from the domestic market to fund their profitable lending? Why not make more money?!!
We need to be more aggressive in educating ourselves
Dear reader, for too long, we have not been more aggressive in educating ourselves on low risk reasonable yield investments such as treasury bills issued by the Government of Singapore through the Monetary Authority of Singapore. For too long, we have been losing side of information assymetry. For too long, we get hit with low fixed deposit rates for our hard earned monies while banks make use of these funds for very profitable lending.
Rise up and become financially literate
It's time to empower ourselves with the internet! Rise up and get ourselves financially literate! Teach our children and youth to appreciate the value of hardwork, savings and investment. Rise up to learn more about how to get into safe and decent yielding financial assets. Learn to make use of the power of compound interest to grow our wealth, lead us to financial freedom... one realistic step at a time!
The top secret investment in Singapore
That shows that treasury bills are indeed the "secret" that financial institutions in Singapore appear to be keeping close to their chest. And who can blame them? Treasury bill transactions are basically borrowings by the Government, through the Monetary Authority of Singapore, from financial institutions, corporates and retail investors. But retail investors have not been educated on this very low risk and at time reasonable yielding product that is available for the low investment amount of SGD 1,000 (Singapore Dollars One Thousand Only)! Financial institutions who are primary dealers in Singapore Government Securities (SGS) do not earn any fees from their customers walking into the banking hall and asking to buy treasury bills. They need to process the application as part of their role as a primary dealer in SGS.
Treasury bills compete against fixed deposits
If bank customers put money in treasury bills, banks would not be able to borrow from them and would lose out a valuable source of cheap funds which is their fixed deposits and savings accounts. Banks are borrowing at such low rates they pay on savings accounts and then in return lending out such funds to consumers in terms of credit card debt, personal credit, car loans, home mortgages and business loans etc. Why rock their gravy train? Why make it difficult for themselves to borrow cheap funds from the domestic market to fund their profitable lending? Why not make more money?!!
We need to be more aggressive in educating ourselves
Dear reader, for too long, we have not been more aggressive in educating ourselves on low risk reasonable yield investments such as treasury bills issued by the Government of Singapore through the Monetary Authority of Singapore. For too long, we have been losing side of information assymetry. For too long, we get hit with low fixed deposit rates for our hard earned monies while banks make use of these funds for very profitable lending.
Rise up and become financially literate
It's time to empower ourselves with the internet! Rise up and get ourselves financially literate! Teach our children and youth to appreciate the value of hardwork, savings and investment. Rise up to learn more about how to get into safe and decent yielding financial assets. Learn to make use of the power of compound interest to grow our wealth, lead us to financial freedom... one realistic step at a time!
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