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Old 05-25-2023, 09:51 AM   #1941
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This weekís T-bill auction results:

BillsCMBCUSIPIssue DateHigh RateInvestment RatePrice per $100
4-WeekNo912797FQ505/30/20235.750%5.872%$99.552778
8-WeekNo912797FZ505/30/20235.350%5.485%$99.167778
13-WeekNo912796Z4405/25/20235.250%5.409%$98.672917
17-WeekNo912797GU505/30/20235.260%5.442%$98.261278
26-WeekNo912797FL605/25/20235.170%5.398%$97.371917
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Old 05-25-2023, 12:15 PM   #1942
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Quote:
Originally Posted by audreyh1 View Post
This weekís T-bill auction results:

BillsCMBCUSIPIssue DateHigh RateInvestment RatePrice per $100
4-WeekNo912797FQ505/30/20235.750%5.872%$99.552778
8-WeekNo912797FZ505/30/20235.350%5.485%$99.167778
13-WeekNo912796Z4405/25/20235.250%5.409%$98.672917
17-WeekNo912797GU505/30/20235.260%5.442%$98.261278
26-WeekNo912797FL605/25/20235.170%5.398%$97.371917
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.
Old 05-25-2023, 12:38 PM   #1943
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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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Old 05-25-2023, 12:49 PM   #1944
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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 ?
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Old 05-25-2023, 12:54 PM   #1945
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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 ?
I doubt it. You canít order over the weekend? I didnít 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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Old 05-25-2023, 12:56 PM   #1946
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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.
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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Old 05-25-2023, 01:08 PM   #1947
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I doubt it. You canít order over the weekend? I didnít 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.
This is what Vanguard posted when going to order interest bearing items:
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Old 05-25-2023, 01:18 PM   #1948
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Wow, weird! Not even tomorrow?!?
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Old 05-25-2023, 02:36 PM   #1949
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This is what Vanguard posted when going to order interest bearing items:

I bought a treasury bill today on Vanguard.
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Old 05-25-2023, 02:41 PM   #1950
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I bought a treasury bill today on Vanguard.
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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Old 05-25-2023, 02:48 PM   #1951
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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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Old 05-25-2023, 02:55 PM   #1952
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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%
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.
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Old 05-26-2023, 02:10 PM   #1953
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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?
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Old 05-26-2023, 02:14 PM   #1954
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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?
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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Old 05-26-2023, 04:57 PM   #1955
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Yes, that is extremely bizarre. Only Vanguard AFAIK.

And Vanguard didnít prevent folks from placing orders yesterday before 5pm, so itís not consistent either.

The auctions are ongoing.
I was trying to buy treasuries for someone on Chase brokerage and it listed none as available to buy today.

Very annoying and weird.
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Old 05-27-2023, 04:52 AM   #1956
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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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Old Yesterday, 05:44 AM   #1957
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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
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Old Yesterday, 09:38 AM   #1958
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........ 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.

...
If I had a lot of $$ in MM , I'd be putting it in Treasuries as they are paying more.
If you put it in 4wk, 8wk, 13wk, 26 wk, equal amounts, you have some coming due fairly regularly.
When something comes due and you don't need it, just buy another 26wk.
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Old Yesterday, 09:50 AM   #1959
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If I had a lot of $$ 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.
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.
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Old Yesterday, 09:54 AM   #1960
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Heads up - VG allowed me to purchase a 26 week bond this morning, 5/28.
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