I purchased the same exact bonds CUSIP 912796YF0 in the same denomination and time period (4-week) at eTrade and Vanguard and I ended up paying different amounts and resulting in different yields. This was under a new action and was listed under 4-week. So, am I calculating something wrong? Why the difference in Cost?
eTrade
Cost 4,987.71
Here is my calculation for yield as represented as a yearly amount
(5,000 - 4,987.71) / 4 weeks * 52 weeks / 5k = 3.19%
Vanguard
Cost 4,989.66
(5,000 - 4,989.66) / 4 weeks * 52 weeks / 5k = 2.68%
Treasury Direct Auction results:
912796YF0 Bill 4-Week 09/22/2022 09/27/2022 10/25/2022 99.793111
eTrade
Cost 4,987.71
Here is my calculation for yield as represented as a yearly amount
(5,000 - 4,987.71) / 4 weeks * 52 weeks / 5k = 3.19%
Vanguard
Cost 4,989.66
(5,000 - 4,989.66) / 4 weeks * 52 weeks / 5k = 2.68%
Treasury Direct Auction results:
912796YF0 Bill 4-Week 09/22/2022 09/27/2022 10/25/2022 99.793111