Treasury Bills, Notes, and Bonds Discussion

[COcheesehead]

It sure would be nice to see the 5 year go to 5%. I would be all over that.

You can get better than that, locked in today, in other bond options without much more risk.

 

[conversationalphrase]

You can get better than that, locked in today, in other bond options without much more risk.

With call protection?

 

[COcheesehead]

With call protection?

Yes
I just did a screen on Fidelity. I picked 5 year maturity, A or higher rated and found a few dozen options in both corporate and taxable muni, which may be your state tax free as well, yielding over 5%. It took less than 5 minutes. So there likely are hundreds if I changed the perimeters of my search a bit.

 

[aja8888]

Yes
I just did a screen on Fidelity. I picked 5 year maturity, A or higher rated and found a few dozen options in both corporate and taxable muni, which may be your state tax free as well, yielding over 5%. It took less than 5 minutes. So there likely are hundreds if I changed the perimeters of my search a bit.

I already have several bonds that are yielding better than 5% out to 2028 and wish to lock in treasuries of 5 or 10 year at similar rates just for diversification and added safety. Of course, if treasuries ever get that high again, corporate bonds may even be higher as new issues come on line.

I have not had much luck finding taxable muni's paying better than 5% at Schwab. Maybe I'm not screening them correctly. I don't have a Fidelity account.

 

[COcheesehead]

I already have several bonds that are yielding better than 5% out to 2028 and wish to lock in treasuries of 5 or 10 year at similar rates just for diversification and added safety. Of course, if treasuries ever get that high again, corporate bonds may even be higher as new issues come on line.

I have not had much luck finding taxable muni's paying better than 5% at Schwab. Maybe I'm not screening them correctly. I don't have a Fidelity account.

There are 71 investment grade, 5 year duration, taxable muni bonds, call protected, yielding 5% or more on Fidelity.

Across all bonds, all quality levels, yielding 5% or more with a 5 year duration, CALL PROTECTED, there are 1941 available right now on Fidelity.

For comparison, Fidelity’s prime money market FZDXX yields 5.14%. So 5% is not a high bar. Call protected is not really hard to find either.

 

[aja8888]

There are 71 investment grade, 5 year duration, taxable muni bonds, call protected, yielding 5% or more on Fidelity.

Across all bonds, all quality levels, yielding 5% or more with a 5 year duration, CALL PROTECTED, there are 1941 available right now on Fidelity.

For comparison, Fidelity’s prime money market FZDXX yields 5.14%. So 5% is not a high bar. Call protected is not really hard to find either.

I mentioned I don't have a Fidelity account. But thanks anyway. Put up a few CUISPs of taxable munis and I'll see if I can find them on Schwab.

I have several hundred $K in SWVXX which is at 5.2% as of today and I'm looking to spread that out 5 to 10 years.

Thanks

 

[COcheesehead]

I mentioned I don't have a Fidelity account. But thanks anyway. Put up a few CUISPs of taxable munis and I'll see if I can find them on Schwab.

I have several hundred $K in SWVXX which is at 5.2% as of today and I'm looking to spread that out 5 to 10 years.

Thanks

A few 5 year ones all yielding 5% plus
347753GH2
969003QY1
194689AK1

I ran the screen between 5- 10 years and there are still over 100 issues, call protected yielding over 5%. So you could go 6,7,8….10 years out if you really wanted to.

 

[aja8888]

A few 5 year ones all yielding 5% plus
347753GH2
969003QY1
194689AK1

I ran the screen between 5- 10 years and there are still over 100 issues, call protected yielding over 5%. So you could go 6,7,8….10 years out if you really wanted to.

Thanks.

 

[aja8888]

A few 5 year ones all yielding 5% plus
347753GH2
969003QY1
194689AK1

I ran the screen between 5- 10 years and there are still over 100 issues, call protected yielding over 5%. So you could go 6,7,8….10 years out if you really wanted to.

Thanks, I must have been screening wrong for these taxable bonds. I found all of these.

 

[Marc]

No T-bills over 5.5% this week. Has demand become so high that rates have topped out? Is the demand for T-bills (and MM accounts) starting to impact equities significantly?

 

[ExPatKiwi]

Also I note that Fidelity isn't offering the 17 week T bill this week they just have the 4's and 8's. I really wanted the 17 week to get my ladder set up nicely.

 

[copyright1997reloaded]

Also I note that Fidelity isn't offering the 17 week T bill this week they just have the 4's and 8's. I really wanted the 17 week to get my ladder set up nicely.

When did you look?

 

[ExPatKiwi]

When did you look?

Yesterday afternoon. The Treasury auction schedule had them listed and they cleared at 5.495% today. CUSIP 912797HU4

 

[manowire2112]

Yesterday afternoon. The Treasury auction schedule had them listed and they cleared at 5.495% today. CUSIP 912797HU4

I was trying to do the same thing at Vanguard.... same thing... never was offered. I do not know why a particular issue is not offered? Wondering about the 13 & 26 week coming up.

 

[copyright1997reloaded]

I was trying to do the same thing at Vanguard.... same thing... never was offered. I do not know why a particular issue is not offered? Wondering about the 13 & 26 week coming up.

Both the 13 & 26 week show at Fidelity, Schwab, and Ameritrade.
At Fidelity, the 42-day (CUSIP 912796CS6), maturing on 9/28/23...is also available for ordering.

I've seen the 17-week every week (usually) at Fidelity, and I believe also at Schwab. I've never seen it at Ameritrade (which is annoying since one would think they would share some back end systems by now, and sometimes I want to do the order there (Ameritrade).

 

[audreyh1]

This week’s T-bill auction results:

Bills	CMB	CUSIP	Issue Date	High Rate	Investment Rate	Price per $100
4-Week	No	912797GS0	08/15/2023	5.280%	5.390%	$99.589333
8-Week	No	912797HA8	08/15/2023	5.280%	5.412%	$99.178667
13-Week	No	912797FJ1	08/10/2023	5.290%	5.451%	$98.662806
17-Week	No	912797HU4	08/15/2023	5.310%	5.495%	$98.244750
26-Week	No	912797GM3	08/10/2023	5.265%	5.499%	$97.338250
52-Week	No	912797GK7	08/10/2023	5.060%	5.351%	$94.883778

 

[wolf]

Not sure what changed. Been buying 6 month treasuries since January. From $5K to $200K+. On Vanguard.
Now when I try to buy Treasury. Vanguard site say's minimum buy is $ 1,000,000.
Am I doing something wrong?
Thanks in advance.

 

[Marc]

Difference between 2-yr and 10-yr down to 70bp; could the un-inversion be starting?

 

[ExPatKiwi]

This week’s T-bill auction results:

Bills CMB CUSIP Issue Date High Rate Investment Rate Price per $100

4-Week No 912797GS0 08/15/2023 5.280% 5.390% $99.589333

8-Week No 912797HA8 08/15/2023 5.280% 5.412% $99.178667

13-Week No 912797FJ1 08/10/2023 5.290% 5.451% $98.662806

17-Week No 912797HU4 08/15/2023 5.310% 5.495% $98.244750

26-Week No 912797GM3 08/10/2023 5.265% 5.499% $97.338250

52-Week No 912797GK7 08/10/2023 5.060% 5.351% $94.883778

Not bad I got some 17W today. Looking at some 26W next week

 

[Cayman]

Happy to plow more into TIPS. Picked up 2% coupon with minimum YTM of 2.8% today. Matures 2026. Decent return with inflation protection.

 

[gcgang]

Lengthened most maturing stuff in IRAs into TIPs, 2030 & 2040’s at a bit over 2% real. Rolled some for a year.

I don’t want to get caught with everything short when the yields come down again. But that may not happen in my lifetime. Lol.

 

[Trooper]

I have a 26-week T-Bill maturing on 8/24 with Vanguard.
I would like to buy a T-Bill that settles on the same day.
Will the funds from the maturing bill be in my settlement account and available for purchase of the new bill on the same day?

 

[Trailwalker]

Lengthened most maturing stuff in IRAs into TIPs, 2030 & 2040’s at a bit over 2% real. Rolled some for a year.

I don’t want to get caught with everything short when the yields come down again. But that may not happen in my lifetime. Lol.

I think that's a great move. DW and I are not on the same page for TIPs; otherwise, I would be moving a lot more in that direction. I don't think the 2% over real will last.

 

[calmloki]

I have a 26-week T-Bill maturing on 8/24 with Vanguard.
I would like to buy a T-Bill that settles on the same day.
Will the funds from the maturing bill be in my settlement account and available for purchase of the new bill on the same day?

In my repeated experience with 26 week bills, yes.

 

[Bruno]

I have a 26-week T-Bill maturing on 8/24 with Vanguard.
I would like to buy a T-Bill that settles on the same day.
Will the funds from the maturing bill be in my settlement account and available for purchase of the new bill on the same day?

Sorry not the Answer you are looking for but at FIDO i have to Call them to make it happen if buying a new issue bill. I dont show any money to purchase it and it closes on monday.