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Did you miss adding a decimal point to 7%? Don't you mean .7%?
no. 7-7.5%/yr depending on if the 20-30 year T bond can go back to 5%. Once I get out of my 8 wk T bill I'm going to buy a 20-30yr to lock in the rate.
0% Balance transfer with a fee of 3% - 5% into a checking account, earn 5.1%, make the minimum payments on the card until your CD matures. Pay off balance on maturity, and make the difference from the financing rate and return on the CD. Interest rate arbitrage.
Any math wizards to tell me how much I could make with a 10k transfer at 4 percent fee?
Sure, but you'll have significant limitations and be limited to new issues.
Otherwise, brokerage is by far the best options. Buy and sell new issue and secondary, and of course invest in other bonds. Easier, and you can see gains and losses in real time.
@Bondtrader If a treasury bill can be bought in lieu of a federal income tax refund check, does one need to create a TreasuryDirect account for that? Or can that be done through a Schwab brokerage account? Thanks!
@Bondtrader If a treasury bill can be bought in lieu of a federal income tax refund check, does one need to create a TreasuryDirect account for that? Or can that be done through a Schwab brokerage account? Thanks!
Those would require a treasury direct account to be redeemed.
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0% Balance transfer with a fee of 3% - 5% into a checking account, earn 5.1%, make the minimum payments on the card until your CD matures. Pay off balance on maturity, and make the difference from the financing rate and return on the CD. Interest rate arbitrage.
Any math wizards to tell me how much I could make with a 10k transfer at 4 percent fee?
Otherwise, brokerage is by far the best options. Buy and sell new issue and secondary, and of course invest in other bonds. Easier, and you can see gains and losses in real time.
Those would require a treasury direct account to be redeemed.