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frontpagenj_jules posted May 10, 2023 6:21 PM
Deal Details
Note: Rates are subject to change daily; rates are the daily secondary market quotations on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 8-week, 13-week, 17-week, 26-week, and 52-week) for which Treasury currently issues new bills. Up to Date Rates can be found here
U.S, Government Treasury is offering Up to 5.50% Coupon Rate (Interest Rate) on Short Term Treasury Bills which can be Purchased for a Duration of 4-Weeks-52 Weeks Maturity.
Thanks community member nj_jules for sharing this deal
Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm
Current Rates (5/10/23): (Coupon Rates [Interest Rates] change daily):
U.S, Government Treasury is offering Up to 5.50% Coupon Rate (Interest Rate) on Short Term Treasury Bills which can be Purchased for a Duration of 4-Weeks-52 Weeks Maturity.
Thanks community member nj_jules for sharing this deal
Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm
Current Rates (5/10/23): (Coupon Rates [Interest Rates] change daily):
- 4-Week Maturity: 5.50%
- 8-Week Maturity: 4.93%
- 13-Week Maturity: 5.23%
- 17-Week Maturity: 5.16%
- 26-Week Maturity: 5.10%
- 52-Week Maturity: 4.75%
Editor's Notes
Written by slickdewmaster | Staff- About this Offer:
- Interest paid: When the bill matures
- Minimum purchase : $100
- In increments of: $100
- Maximum purchase: $10 million (non-competitive bid)
- 35% of offering amount (competitive bid)
- (See Buying a Treasury marketable security for information on types of bids.)
- Auction frequency:
- Every four weeks for 52-week bills
- Weekly for 4, 8, 13, 17, 26-week bills
- No regular schedule for Cash Management Bills
- See the Auction calendar for specific date
- Taxes: Federal tax due on interest earned. No state or local taxes
- Refer to forum thread for discussion from the community regarding this offer. -slickdewmaster
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Note: Rates are subject to change daily; rates are the daily secondary market quotations on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 8-week, 13-week, 17-week, 26-week, and 52-week) for which Treasury currently issues new bills. Up to Date Rates can be found here
U.S, Government Treasury is offering Up to 5.50% Coupon Rate (Interest Rate) on Short Term Treasury Bills which can be Purchased for a Duration of 4-Weeks-52 Weeks Maturity.
Thanks community member nj_jules for sharing this deal
Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm
Current Rates (5/10/23): (Coupon Rates [Interest Rates] change daily):
U.S, Government Treasury is offering Up to 5.50% Coupon Rate (Interest Rate) on Short Term Treasury Bills which can be Purchased for a Duration of 4-Weeks-52 Weeks Maturity.
Thanks community member nj_jules for sharing this deal
Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm
Current Rates (5/10/23): (Coupon Rates [Interest Rates] change daily):
- 4-Week Maturity: 5.50%
- 8-Week Maturity: 4.93%
- 13-Week Maturity: 5.23%
- 17-Week Maturity: 5.16%
- 26-Week Maturity: 5.10%
- 52-Week Maturity: 4.75%
Editor's Notes
Written by slickdewmaster | Staff- About this Offer:
- Interest paid: When the bill matures
- Minimum purchase : $100
- In increments of: $100
- Maximum purchase: $10 million (non-competitive bid)
- 35% of offering amount (competitive bid)
- (See Buying a Treasury marketable security for information on types of bids.)
- Auction frequency:
- Every four weeks for 52-week bills
- Weekly for 4, 8, 13, 17, 26-week bills
- No regular schedule for Cash Management Bills
- See the Auction calendar for specific date
- Taxes: Federal tax due on interest earned. No state or local taxes
- Refer to forum thread for discussion from the community regarding this offer. -slickdewmaster
Community Voting
Deal Score
+427
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Top Comments
$511/365 = $1.4 per day.
$1.4 * 56 days = $78.40.
HTH
Merrill Edge: supposedly could do so, but only over the phone, which incurs a fee. (Correct me if I'm wrong)
Pros and cons amongst each brokerage are not that far apart (in my opinion) but mainly boil down to the following:
-Minimum purchase quantity (most are $1k, while E*TRADE is $5k)
-Automatic reinvestment (Fidelity has this, while E*TRADE does not)
The major differences between buying on TreasuryDirect vs brokerages are the following:
-Convenience. You cannot purchase auction treasuries a month ahead of time at brokerage vs being able to do so on TreasuryDirect. This can be alleviated if you look at the Auction announcement dates at this link: https://home.treasury.g
-Liquidity. You cannot directly sell these on the secondary market on TreasuryDirect vs being able to do so at the brokerages
-Minimum purchase amount. TreasuryDirect has just $100 as minimum, whereas the brokerages are all higher.
-Some brokerages (such as Fidelity) show expected yield, whereas TreasuryDirect doesn't have this (although you can check past auctions or daily rates for an idea)
Google search for your specific brokerage on where to click to buy these and note the minimum purchase amounts.
Such as typing "Buying Treasury at Auction on ETRADE" https://www.youtube.com/watch?v=lxJ7otl
Hope that helps!
EDIT: Fixed errors, added details of pros and cons, with links to auction schedule, and YT link.
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Our community has rated this post as helpful. If you agree, why not thank poohbie
"The U.S. has never reached the point of default where the Treasury was incapable of paying U.S. debt obligations, though it has been close on several occasions. The only exception was during the War of 1812 when parts of Washington D.C. including the Treasury were burned." (Source: Wikipedia)
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If I put $10,000 toward an 8 week bill, how much will I have profited after eight weeks?
I understand that there is the price and the face — but I'm trying to keep it simple for an example.
At worst, government shut down and furlough but debt payments (bills) WILL be prioritized
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If I put $10,000 toward an 8 week bill, how much will I have profited after eight weeks?
I understand that there is the price and the face — but I'm trying to keep it simple for an example.
$511/365 = $1.4 per day.
$1.4 * 56 days = $78.40.
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Join The Conversation
Share information with the community. Please follow our Community Guidelines and be kind!