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06-12-2007, 02:37 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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Ten Year Treasuries
I see the market hit 5.26 for 10 year Treasuries today. If I want to buy Treasuries how do I do it? I have an account at Treasury Direct which I used for ibonds a while back, but never bought anything else. It looks like I have to bid on 10 year Treasuries and they only do this like 4 times a year, as it seems to say but maybe I am reading it wrong. I no longer have a trading account.
__________________
T.S. Eliot:
Old men ought to be explorers
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06-12-2007, 02:49 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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You could buy IEF, the 7 to 10 year treasury etf, or TLT, the 10-20 year etf. The latter is a lot more sensitive to rates.
I am thinking about buying some call options on TLT tomorrow.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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06-12-2007, 02:51 PM
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#3
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Full time employment: Posting here.
Join Date: Oct 2003
Posts: 961
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According to the Tentative Auction Schedule of U.S. Treasury Securities, the next 10 year T-note auction is on 8/8/07. But there is an upcoming 10 yr TIPS auction on 7/12/07. You could always go for the 5 yr T-note auction on 6/27/07.
If you don't want to open a brokerage account, you could just stick the money in Vanguard's Prime MM @ 5.11% until the auctions comes around again.
- Alec
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06-12-2007, 07:19 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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I think that right now...and at least for a little bit...the vanguard prime MM alec mentioned is king.
Theres a bit more damage to be done. At 5+% with no risk of capital loss...that to me is a no brainer.
In the land of "putting your money where your mouth is", i've got a little under a half mil in it right now.
But then again, supposedly I'm just lucky 
And a dirty market timer.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-12-2007, 07:26 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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 Quote:
Originally Posted by cute fuzzy bunny
i've got a little under a half mil in it right now.
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i've got a little lot under a half mil in it right now ... but last week many would have said it was much to much.
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06-12-2007, 07:35 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Like I mentioned in another thread...its just a matter of waiting it out until you reach the optimal level of intelligence. I was a moron for 7 years for selling my company stock and diversifying. Dang genius in 2000.
Or lucky.
498k-ish...same as yesterday, same as the day before...
But dangnabit, I want the value index to decline a good 15-18% so I can buy back in!! 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-13-2007, 12:38 PM
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#7
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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h0e cuss?
Quote:
Originally Posted by cute fuzzy bunny
<snip>
But dangnabit, I want the value index to decline a good 15-18% so I can buy back in!!
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H 0 cus, is that you!? 
Man, CFB, always good for a laugh, when you throw those low, slow ones over the plate and I'm holding the softball bat.
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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