Joined Nov 2008
President
Forum Thread
When and where does TreasuryDirect post the latest Interest Rates on 4-Week Treasury Bills?
January 23, 2024 at
02:31 PM
Thread Details
Last Edited by c627627 January 24, 2024 at 05:38 PM
When you buy Treasury Bills directly from the government on treasurydirect.gov - where on that official site can you see what the rate is for 4-Week Treasury Bills?
In other words, you let them know you want to purchase 1K or 100K or whatever amount, usually before THURSDAY cut off time at 10 am central time, and then they debit your account on the following TUESDAY - usually.
Well when they debit, they take less than 1K or 100K or whatever amount you purchased because that is the amount you will get when Treasury Bills mature. So you get them at a discount that Tuesday, but how do you know what the discount is (what the Interest Rate is) so you know how much money to have in your bank account for them to take on Tuesday?
In other words, you let them know you want to purchase 1K or 100K or whatever amount, usually before THURSDAY cut off time at 10 am central time, and then they debit your account on the following TUESDAY - usually.
Well when they debit, they take less than 1K or 100K or whatever amount you purchased because that is the amount you will get when Treasury Bills mature. So you get them at a discount that Tuesday, but how do you know what the discount is (what the Interest Rate is) so you know how much money to have in your bank account for them to take on Tuesday?
About the OP
10 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
In other words, you let them know you want to purchase 1K or 100K or whatever amount, usually before THURSDAY cut off time at 10 am central time, and then they debit your account on the following TUESDAY - usually.
Well when they debit, they take less than 1K or 100K or whatever amount you purchased because that is the amount you will get when Treasury Bills mature. So you get them at a discount that Tuesday, but how do you know what the discount is (what the Interest Rate is) so you know how much money to have in your bank account for them to take on Tuesday?
https://www.treasurydir
When you buy Treasury Bills, for planning purposes, *you will not know how much they actually cost*, I mean is it just me who thinks that should be verbally mentioned, I mean all these people making instructional pages and vidoes, they don't think that's worth mentioning? 🙂
Purchase page itself should not mention that? 🙂
That you will not know how much money you actually need left in your bank account to buy them.
When you buy Treasury Bills, for planning purposes, *you will not know how much they actually cost*, I mean is it just me who thinks that should be verbally mentioned, I mean all these people making instructional pages and vidoes, they don't think that's worth mentioning? 🙂
Purchase page itself should not mention that? 🙂
That you will not know how much money you actually need left in your bank account to buy them.
It is very much self-evident to every single person who does it at least once.
It takes effort and time to make a video or a web page meant to be read by newbies, not someone who's done it before, newbies, and when newbies are not told this information they spend time looking for it... A lot of time 😉
It takes effort and time to make a video or a web page meant to be read by newbies, not someone who's done it before, newbies, and when newbies are not told this information they spend time looking for it... A lot of time 😉
Maybe...but really, what would you expect from something run by the government lol?
Hey can you settle this q:
Whenever you buy a T-Bill from a brokerage instead of directly from the government, you lose out a little because the interest rate is always highest when purchased directly from the government Treasury instead of any brokerage, correct?
I just saw that the Interest Rates were posted an hour ago for 4-week Treasury Bills to be debited from people's bank accounts next Tuesday, it is Thursday today.
5.390%
So although you don't know the exact amount at time of purchase [purchase cut off time is 10 am central time today] -- after the cutoff time today -- the Interest Rates are posted on here:
https://www.treasurydir
[you need to give a bit for that page to fully load].
This means you have today and Friday and Monday to add exact amount of money to your bank account before it is debited next Tuesday. No one talks about this anywhere on the Internet that is easily searchable as of today.
How do you talk about Treasury Bills 101, how do you make videos and web pages without mentioning this information. No one that can be easily found on Google mentions any of this.
Sign up for a Slickdeals account to remove this ad.
I just saw that the Interest Rates were posted an hour ago for 4-week Treasury Bills to be debited from people's bank accounts next Tuesday, it is Thursday today.
5.390%
So although you don't know the exact amount at time of purchase [purchase cut off time is 10 am central time today] -- after the cutoff time today -- the Interest Rates are posted on here:
https://www.treasurydir
[you need to give a bit for that page to fully load].
This means you have today and Friday and Monday to add exact amount of money to your bank account before it is debited next Tuesday. No one talks about this anywhere on the Internet that is easily searchable as of today.
How do you talk about Treasury Bills 101, how do you make videos and web pages without mentioning this information. No one that can be easily found on Google mentions any of this.
Hey can you settle this q:
Whenever you buy a T-Bill from a brokerage instead of directly from the government, you lose out a little because the interest rate is always highest when purchased directly from the government Treasury instead of any brokerage, correct?
Hard to say and I doubt anyone knows for sure across all the various brokerages. Add in all brokerages generally factor in current value of the T-bill (not the purchase price) into the equation. Basically you can buy that same t-bill next week and it will have a different value based on the shorter maturity then and any potential interest rate change between the issue date and then. Add in any potential commission or surcharge they impose.
In my limited experience, brokerages seem to take a few dollars commission and\or offer it at a slightly lower rate, but that is anecdotal. You can query you brokerage's CS and see what they say.
My 2 cents.
https://www.treasurydir
to get Investment Rate % [not High Rate %] - it has to be Investment Rate %.
Then to calculate amount withdrawn from Bank Account by Treasury on Tuesday after that, I made this formula that seems to be accurate to within a couple of cents:
365MA / (28ir+365)
where MA is Maturity Amount you actually entered on Treasury's web site to purchase, and ir is Investment Rate as a decimal, so 5.375% is 0.05375