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05-25-2023, 09:51 AM
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#1941
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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This week’s T-bill auction results:
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 | 4-Week | No | 912797FQ5 | 05/30/2023 | 5.750% | 5.872% | $99.552778 | 8-Week | No | 912797FZ5 | 05/30/2023 | 5.350% | 5.485% | $99.167778 | 13-Week | No | 912796Z44 | 05/25/2023 | 5.250% | 5.409% | $98.672917 | 17-Week | No | 912797GU5 | 05/30/2023 | 5.260% | 5.442% | $98.261278 | 26-Week | No | 912797FL6 | 05/25/2023 | 5.170% | 5.398% | $97.371917 |
__________________
Retired since summer 1999.
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05-25-2023, 12:15 PM
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#1942
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,282
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Quote:
Originally Posted by audreyh1
This week’s T-bill auction results:
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 | 4-Week | No | 912797FQ5 | 05/30/2023 | 5.750% | 5.872% | $99.552778 | 8-Week | No | 912797FZ5 | 05/30/2023 | 5.350% | 5.485% | $99.167778 | 13-Week | No | 912796Z44 | 05/25/2023 | 5.250% | 5.409% | $98.672917 | 17-Week | No | 912797GU5 | 05/30/2023 | 5.260% | 5.442% | $98.261278 | 26-Week | No | 912797FL6 | 05/25/2023 | 5.170% | 5.398% | $97.371917 |
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Love the rates but not the reason. Stretching the duration out, hoping the debt ceiling issue is resolved before I'm due payment.
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Just bought a T-Bill with 6.086% interest.
05-25-2023, 12:38 PM
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#1943
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Recycles dryer sheets
Join Date: Oct 2017
Posts: 72
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Just bought a T-Bill with 6.086% interest.
I don't like the reason T-bills have high interest right now, but I'll partake in the cookies while available. It matures on 6/15/23. Wish it was longer.
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05-25-2023, 12:49 PM
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#1944
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,496
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Vanguard has shortened the time to today only for buying T-bills , probably due to holiday coming up ?
Has others done this as well ?
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-25-2023, 12:54 PM
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#1945
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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Quote:
Originally Posted by Sunset
Vanguard has shortened the time to today only for buying T-bills , probably due to holiday coming up ?
Has others done this as well ?
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I doubt it. You can’t order over the weekend? I didn’t notice at Fidelity.
The auction has been moved to Tuesday due to the Federal holiday on Monday. Fidelity normally allows you to order announced T-bills through the weekend, holiday included.
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Retired since summer 1999.
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05-25-2023, 12:56 PM
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#1946
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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Quote:
Originally Posted by Another Reader
Love the rates but not the reason. Stretching the duration out, hoping the debt ceiling issue is resolved before I'm due payment.
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To me with the exception of 4-week T-Bill, the remainder are simply back to where they would have been before our little bank crisis in March.
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Retired since summer 1999.
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05-25-2023, 01:08 PM
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#1947
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,496
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Quote:
Originally Posted by audreyh1
I doubt it. You can’t order over the weekend? I didn’t notice at Fidelity.
The auction has been moved to Tuesday due to the Federal holiday on Monday. Fidelity normally allows you to order announced T-bills through the weekend, holiday included.
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This is what Vanguard posted when going to order interest bearing items:
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-25-2023, 01:18 PM
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#1948
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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Wow, weird! Not even tomorrow?!?
__________________
Retired since summer 1999.
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05-25-2023, 02:36 PM
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#1949
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Recycles dryer sheets
Join Date: Oct 2017
Posts: 72
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Quote:
Originally Posted by Sunset
This is what Vanguard posted when going to order interest bearing items:
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I bought a treasury bill today on Vanguard.
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05-25-2023, 02:41 PM
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#1950
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,496
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Quote:
Originally Posted by Kayzmum
I bought a treasury bill today on Vanguard.
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Yes, today is fine until 5pm.
I have one coming due today, it probably pays out at the end of the day ?
I was going to "roll it over" to a 6 month one.
It had not cashed out at nearly 2pm. Normally no issue, I would buy the 6 month on Friday, which was my plan.
Now I'll have to wait, at least the vanguard cash account pays ~5%
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-25-2023, 02:48 PM
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#1951
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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The settlement date is not until next week, so can’t you order it today?
What a pain. Fidelity shows the funds available for trading first thing on a T-Bill maturity date. And even then you have until the settlement date to actually pay for it.
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Retired since summer 1999.
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05-25-2023, 02:55 PM
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#1952
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 2,387
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Quote:
Originally Posted by Sunset
Yes, today is fine until 5pm.
I have one coming due today, it probably pays out at the end of the day ?
I was going to "roll it over" to a 6 month one.
It had not cashed out at nearly 2pm. Normally no issue, I would buy the 6 month on Friday, which was my plan.
Now I'll have to wait, at least the vanguard cash account pays ~5%
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I bought the 6 month 11 am AZ time. I have a redemption due today, and settlement isn't until June 1, So I figure I am good to go.
__________________
For me experiences are not good or bad, just different
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05-26-2023, 02:10 PM
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#1953
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,032
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Kinda grumpy here. We have a 26 week Treasury that matures and settles next Thursday; my plan was to roll it over with a buy order this weekend that would settle Thursday as well. But VG shut down the auction sales yesterday. Any notion what the thinking was there? Gummint doesn't want to buy more debt without being able to go further in debt without the debt ceiling being raised? Why have the auction at all then? Or was this an action all the brokerages took, and why?
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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05-26-2023, 02:14 PM
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#1954
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 35,264
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Quote:
Originally Posted by calmloki
Kinda grumpy here. We have a 26 week Treasury that matures and settles next Thursday; my plan was to roll it over with a buy order this weekend that would settle Thursday as well. But VG shut down the auction sales yesterday. Any notion what the thinking was there? Gummint doesn't want to buy more debt without being able to go further in debt without the debt ceiling being raised? Why have the auction at all then? Or was this an action all the brokerages took, and why?
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Yes, that is extremely bizarre. Only Vanguard AFAIK.
And Vanguard didn’t prevent folks from placing orders yesterday before 5pm, so it’s not consistent either.
The auctions are ongoing.
__________________
Retired since summer 1999.
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05-26-2023, 04:57 PM
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#1955
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,496
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Quote:
Originally Posted by audreyh1
Yes, that is extremely bizarre. Only Vanguard AFAIK.
And Vanguard didn’t prevent folks from placing orders yesterday before 5pm, so it’s not consistent either.
The auctions are ongoing.
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I was trying to buy treasuries for someone on Chase brokerage and it listed none as available to buy today.
Very annoying and weird.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-27-2023, 04:52 AM
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#1956
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 10,442
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VG also shuts down all fixed income activity every day from about 4:30am to 6:30am. That's when I get a lot done.
It is one of many reasons I'm moving half of our holdings to Fidelity.
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Retired Class of 2018
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05-28-2023, 05:44 AM
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#1957
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 325
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Question about impact of debt ceiling increase:
Come 5 June, after debt ceiling increase is signed, won't Treasury need to "unwind" all of the "extraordinary measures" that have been used for a number of months? Won't that lead to a large influx of new Treasury bills, notes, and bonds? Won't that cause supply to increase and price to decrease and yield to increase? I have a lot of money still in MM (at 4.91%) that could be moved to bills 26 weeks and shorter; just wondering if I should make the effort.
thanks,
Marc
__________________
"In the long run we are all dead."
John Maynard Keynes
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05-28-2023, 09:38 AM
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#1958
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,496
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Quote:
Originally Posted by Marc
........ I have a lot of money still in MM (at 4.91%) that could be moved to bills 26 weeks and shorter; just wondering if I should make the effort.
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If I had a lot of $$ in MM , I'd be putting it in Treasuries as they are paying more.
If you put it in 4wk, 8wk, 13wk, 26 wk, equal amounts, you have some coming due fairly regularly.
When something comes due and you don't need it, just buy another 26wk.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-28-2023, 09:50 AM
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#1959
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 325
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Quote:
Originally Posted by Sunset
If I had a lot of $$ in MM , I'd be putting it in Treasuries as they are paying more.
If you put it in 4wk, 8wk, 13wk, 26 wk, equal amounts, you have some coming due fairly regularly.
When something comes due and you don't need it, just buy another 26wk.
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I purchased 8 week issue date of 5/16 and rate was only 4.793%; I really don't want that to happen again. Still, you are probably right.
__________________
"In the long run we are all dead."
John Maynard Keynes
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05-28-2023, 09:54 AM
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#1960
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,032
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Heads up - VG allowed me to purchase a 26 week bond this morning, 5/28.
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"Be kind whenever possible. It is always possible." Dalai Lama
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