Treasury Bills, Notes, and Bonds Discussion

[audreyh1]

Time to set up trading privileges as agents for each other.

[Vincenzo Corleone]

Quote:

Originally Posted by JoeWras As I mentioned, when there is a Monday holiday, Vanguard ignores their own word "open" and delays the actual open by a day. BTW, for those who like auctions and want to put in orders way ahead (months), Treasury Direct allows it.

That explains it. Thanks.

[Dash man]

Quote:

Originally Posted by audreyh1 Time to set up trading privileges as agents for each other.

Ahhhh….learned something new! Thank you!
Do I have to have my own Fidelity account? All my stuff is at Schwab.

And I just placed the order!

[audreyh1]

Well, I’m not sure. Maybe not. Your wife would have to talk to Fidelity about adding you as an agent. Then they would have to give your your own login.

[disneysteve]

Quote:

Originally Posted by Dash man I know. It’s just a pain for me today since my DW is away with her sisters for the weekend. It’s her IRA account, and without her phone I can’t log in

Is that because of 2-factor authentication? Can't she just tell you the code when she gets it? We do that on various accounts of ours all the time, both financial and non-financial (like Amazon).

[Born2Fish]

Thanks all for the new thread.

For the first time ever (find myself saying this a lot during the current volatile market ) I bought a little Treasury zero coupon today on Fidelity (secondary) but don't have a clue how to buy on auction.

For 5-6 month duration the Treasury rate comes out a little higher than CD.

I like it!

[Dash man]

Quote:

Originally Posted by audreyh1 Well, I’m not sure. Maybe not. Your wife would have to talk to Fidelity about adding you as an agent. Then they would have to give your your own login.

Thanks, I’ll ask her to email him to see if it’s possible. If we call him, it’ll be an hour of my life I won’t get back. He loves to talk.

[JoeWras]

ALERT! T-Bills up on Vanguard and Fidelity!

Maybe the delay is more about activity than holiday. I don't know. Starting to doubt myself. Doesn't matter, let the buying begin.

[audreyh1]

The auction won’t happen until Tuesday next week so no rush.

[RetireAge50]

Quote:

Originally Posted by Vincenzo Corleone I just attempted to by a 1-year T-Bill on Vanguard at auction. The auction schedule on Vanguard showed that the auction was open on 9/1/2022 (today), but it didn't show any details, nor did it allow me to select it in order to buy it. Anyone know why?

It is there now. Placed my order about 10 minutes ago.

[Vincenzo Corleone]

Quote:

Originally Posted by JoeWras ALERT! T-Bills up on Vanguard and Fidelity! Maybe the delay is more about activity than holiday. I don't know. Starting to doubt myself. Doesn't matter, let the buying begin.

Thanks for the heads-up. Just placed my order.

[aja8888]

Quote:

Originally Posted by JoeWras ALERT! T-Bills up on Vanguard and Fidelity! Maybe the delay is more about activity than holiday. I don't know. Starting to doubt myself. Doesn't matter, let the buying begin.

The six month is where it has been for a week now (3.32%). What are you referring to?

[audreyh1]

The six month yield has been increasing all week thus far. It’s up to 3.373% now.

[aja8888]

Quote:

Originally Posted by audreyh1 The six month yield has been increasing all week thus far. It’s up to 3.373% now.

Maybe the yield curve has not been updated then? 6 moth shows 3.32%.

https://www.ustreasuryyieldcurve.com/

[audreyh1]

I watch the treasuries trading via the CNBC app.

[aja8888]

Quote:

Originally Posted by audreyh1 I watch the treasuries via the CNBC app.

[MBSC]

Quote:

Originally Posted by aja8888 Quote: Originally Posted by JoeWras ALERT! T-Bills up on Vanguard and Fidelity! The six month is where it has been for a week now (3.32%). What are you referring to?

I think he means the 13/26/52 week T-bill auctions announced today (9/1) have "appeared" on the brokerage trading platforms. I do not believe "up" is referring to the direction of yields.

[audreyh1]

That’s right, JoeWras meant that the T-bills for next week’s auction were now available for placing orders.

[Graybeard]

Maybe I am making this harder than it is but I am confused. If I wanted to buy a T bill via my Vanguard brokerage in the secondary market, there are so many T bills so what criteria do you use to decide which one to buy?

Are all T bills and notes that will mature on the same date going to have the same yield whether they were originally a 4 week, a 13 week, a 1 year or a 2year treasury? Do you have to analyze the bills/notes to see which have the higher yield or lower price? I do understand that we buy T bills at a discount whereas notes pay interest every 6 months.

For example, if I wanted something that matures in 30 days is there some analysis to determine which bill or note is the better buy? Better might be a lower cost or have a higher yield or both?

I like the idea of being able to go in and just buy something vs the waiting for days when buying via auction so the secondary market sounds like it is convenient, quicker result. However, it is unclear how this is done correctly on the secondary market.

[Dash man]

Quote:

Originally Posted by Graybeard Maybe I am making this harder than it is but I am confused. If I wanted to buy a T bill via my Vanguard brokerage in the secondary market, there are so many T bills so what criteria do you use to decide which one to buy? Are all T bills and notes that will mature on the same date going to have the same yield whether they were originally a 4 week, a 13 week, a 1 year or a 2year treasury? Do you have to analyze the bills/notes to see which have the higher yield or lower price? I do understand that we buy T bills at a discount whereas notes pay interest every 6 months. For example, if I wanted something that matures in 30 days is there some analysis to determine which bill or note is the better buy? Better might be a lower cost or have a higher yield or both? I like the idea of being able to go in and just buy something vs the waiting for days when buying via auction so the secondary market sounds like it is convenient, quicker result. However, it is unclear how this is done correctly on the secondary market.

There are differences in price that different people ask for. The better prices often require purchasing larger amounts. I was looking to fill a one year gap in my ladder and most required $250k or more minimums for the best deals. I decided to put it for the auction.