I don’t think my application for excess rights would be fully filled.
So, I am waiting for some money to be refunded.
I have also received some money from a 6 months T-bill which has matured.
The next 6 months T-bill will see its auction happening on 20 July or next Thursday.
Instead of simply recycling money from the matured T-bill, I plan to increase the quantum by using some of the money I expect to be refunded from my application for excess rights.
Judging by the increased interest in non-competitive bidding in the last 6 months T-bill auction, it is possible that my non-competitive bids would only be partially filled in future auctions.
So, given this consideration, increasing the application quantum in future makes sense too.
With interest rates offered by the banks for 6 months fixed deposits having declined pretty significantly, it is only natural that interest in 6 months T-bills should pick up.
Adding exposure to 6 months T-bills while the front end of the yield curve remains elevated will generate relatively attractive passive income for me safely.
It would also help to strengthen the fixed income component of my portfolio which is something I have been doing for quite a while now.
The money in my T-bill ladder can also be deployed in the next significant stock market correction which might happen if the much talked about economic recession takes place.
Just talking to myself, as usual.
If AK can do it, so can you!
Recently published:
IREIT’s rights issue oversubscribed.
(Read the comments section too.)
