- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Buying T-bills on Treasury Direct
Posted on 10/24/23 at 8:36 am
Posted on 10/24/23 at 8:36 am
I am new to this...just made a treasury direct account. How do i tell what the rate is for current auctions? Thinking about putting some in 4, 8, 13, and 26 week bills.
9
Posted on 10/24/23 at 9:13 am to Herecomethehawks
Not treasury direct but I've found Public.com is a pretty easy way to buy treasuries.
Posted on 10/24/23 at 9:26 am to Herecomethehawks
Posted on 10/24/23 at 9:43 am to Herecomethehawks
The rate is what it is. They have a historical prices through the last auction. The auctions determine the rate.
Posted on 10/24/23 at 9:50 am to I B Freeman
[/img] This is under the buy direct tab and you will see a link to historical prices or something like that.
The four week bills went off for 99.587389 for an annualized yield of 5.416%
Posted on 10/24/23 at 9:52 am to I B Freeman
Thank you!
Posted on 10/24/23 at 10:05 am to Herecomethehawks
Honestly; it’s much easier to buy on Fidelity’s site…. Their app not so much.
Treasury Direct is a PITA…
Treasury Direct is a PITA…
This post was edited on 10/24/23 at 10:06 am
Posted on 10/24/23 at 10:20 am to wiltznucs
How is it hard? you click what you want and how much, boom, done, sign off
Posted on 10/24/23 at 10:28 am to b-rab2
I personally like that no third party holds the notes. I am not worried about Fidelty or Schwab but dealing direct is just a little less risky.
Posted on 10/24/23 at 10:57 am to Herecomethehawks
quote:
How do i tell what the rate is for current auctions?
It's an auction, you don't. You find out after the auction. You can guesstimate pretty easily though.
Posted on 10/24/23 at 3:10 pm to wiltznucs
quote:
Honestly; it’s much easier to buy on Fidelity’s site…. Their app not so much.
Does Fidelity have auto roll? If so, does the interest paid every renewal automatically go to a money market?
Posted on 10/24/23 at 3:33 pm to SaintsTiger
They have a ladder tool which is pretty intuitive. Alternatively; an agent can set one up for you. Otherwise; at the termination date it drops into the holding account of your choosing. In most cases SPAXX.
Posted on 10/24/23 at 6:42 pm to I B Freeman
What is risky about Fidelity or Schwab? I struggle with why I need to own direct versus buying a fund that holds treasuries of what duration I desire.
Posted on 10/24/23 at 7:35 pm to lynxcat
quote:
What is risky about Fidelity or Schwab?
nothing. i bought mine before through vanguard. zero issues and i have a schwab account also.
Posted on 10/24/23 at 7:43 pm to I B Freeman
quote:
I am not worried about Fidelty or Schwab but dealing direct is just a little less risky.
Posted on 10/24/23 at 8:08 pm to Herecomethehawks
I bought some 4 week bills via Treasurydirect just to test it. Worked fine, so I made another buy and told it to reinvest every 4 weeks several times (I think 2 years is the max). Each time they turn over, the interest earnings is automatically deposited in my bank account.
For those who buy through Fidelity or such, do you get a tax statement that makes clear that you don’t owe state income tax on the interest? One reason I’ve gone with Treasurydirect is to get a separate, clean 1099 with just state-exempt interest on it.
For those who buy through Fidelity or such, do you get a tax statement that makes clear that you don’t owe state income tax on the interest? One reason I’ve gone with Treasurydirect is to get a separate, clean 1099 with just state-exempt interest on it.
Posted on 10/24/23 at 8:22 pm to lynxcat
well they are not risk free and even though their fees are small they are not free
neither was Bear Stearns considered risky in 2007---it was one of the most respected banks in America
neither was Bear Stearns considered risky in 2007---it was one of the most respected banks in America
This post was edited on 10/24/23 at 8:26 pm
Posted on 10/24/23 at 9:09 pm to Herecomethehawks
But ETFs like TMF, simple
Posted on 10/24/23 at 9:10 pm to lynxcat
Tbh Schwab has a ton of long term maturity on their books that exceed what it should….
Posted on 10/24/23 at 9:26 pm to BourbonDad
I like buying them through Vanguard and Schwab. It's simple and easy unlike my experience with TreasuryDirect. Vanguard also gives you a projected rate a day or two before the auction.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News