Well, given that those auctions happen only once a month that was to be expected, wasn't it?But the 2-yr and 5-yr notes drooped from the previous auctions.
I see the 10 year being quoted at 4.288% this am.
That was a quick trip up to 5% and back.
Aren't the 10 year TIPS paying 2. something% plus inflation, which would give them a higher return down to 2% inflation which is the unmet target?
Aren't the 10 year TIPS paying 2. something% plus inflation, which would give them a higher return down to 2% inflation which is the unmet target?
Am i jumping the gun? Was going to order a 26 week T-bill with some money burning a hole in my pocket but Fidelity isn't selling it (yet?). Treasury Direct doesn't show it as an upcoming auction. and now, at 8:30 Pacific, only the 42 day is listed under CMB.
Am i jumping the gun? Was going to order a 26 week T-bill with some money burning a hole in my pocket but Fidelity isn't selling it (yet?). Treasury Direct doesn't show it as an upcoming auction. and now, at 8:30 Pacific, only the 42 day is listed under CMB.
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 |
4-Week | No | 912797HX8 | 12/05/2023 | 5.290% | 5.400% | $99.588556 |
8-Week | No | 912797JB4 | 12/05/2023 | 5.280% | 5.412% | $99.178667 |
13-Week | No | 912797GP6 | 11/30/2023 | 5.280% | 5.441% | $98.665333 |
17-Week | No | 912797JL2 | 12/05/2023 | 5.240% | 5.421% | $98.267889 |
26-Week | No | 912797HS9 | 11/30/2023 | 5.240% | 5.472% | $97.350889 |
52-Week | No | 912797HP5 | 11/30/2023 | 4.935% | 5.214% | $94.996458 |
Notes | Reopening | CUSIP | Issue Date | High Yield | Interest Rate | Price per $100 |
2-Year | No | 91282CJL6 | 11/30/2023 | 4.887% | 4.875% | $99.977397 |
3-Year | No | 91282CJK8 | 11/15/2023 | 4.701% | 4.625% | $99.789641 |
5-Year | No | 91282CJN2 | 11/30/2023 | 4.420% | 4.375% | $99.800095 |
7-Year | No | 91282CJM4 | 11/30/2023 | 4.399% | 4.375% | $99.856744 |
10-Year | No | 91282CJJ1 | 11/15/2023 | 4.519% | 4.500% | $99.848482 |
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 |
4-Week | No | 912797HY6 | 12/12/2023 | 5.285% | 5.395% | $99.588944 |
8-Week | No | 912797JC2 | 12/12/2023 | 5.275% | 5.407% | $99.179444 |
13-Week | No | 912797GQ4 | 12/07/2023 | 5.250% | 5.409% | $98.672917 |
17-Week | No | 912797JM0 | 12/12/2023 | 5.240% | 5.421% | $98.267889 |
26-Week | No | 912797HT7 | 12/07/2023 | 5.190% | 5.419% | $97.376167 |
Fixed it, thanks!5.4?
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 |
4-Week | No | 912797HZ3 | 12/19/2023 | 5.270% | 5.380% | $99.590111 |
8-Week | No | 912797JD0 | 12/19/2023 | 5.275% | 5.407% | $99.179444 |
13-Week | No | 912797GX9 | 12/14/2023 | 5.260% | 5.420% | $98.670389 |
17-Week | No | 912797JN8 | 12/19/2023 | 5.250% | 5.432% | $98.264583 |
26-Week | No | 912797FS1 | 12/14/2023 | 5.190% | 5.419% | $97.376167 |
I've been buying and rolling 26 week T-bills for more than a year and half, but it looks like it's time to lock in longer durations. All our T-bills are maturing in Jan (30%) & Apr (70%), looks like rates have peaked, guess I'll buy longer durations then. What am I missing?
Well said. Timing it just right won’t be possible so I’ll probably buy more 52wk and some 26wk this time around. And go longer when the curve reverts to (more) normal. Thanks.The way I to have view this (being in the same boat) is that the higher yield for shorter duration now is off-setting any advantage of the longer 9 month to 5 year returns. You have to consider the inversion of the yield curve will soon correct as we enter a possible economic downturn. I have confidence we will see higher long term rates eventually that pay a risk premium for duration over inflation. The short term rates will drop more when the cuts by the FED really occur. But when? At that time maybe the 5 and 10 year notes will be 3.5%, but that's not so far off from where they are today. We can still get 5.4% for 3 to 6 months, while you are below 4% now for long terms.
Wish I knew better, but I go with what I can until I know better.
If short term rates have peaked, at least the worst is over for bond funds - not that I’m anxious to put money there yet.