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re: Bought US Treasury 1y
Posted on 10/21/22 at 1:59 pm to Triple Bogey
Posted on 10/21/22 at 1:59 pm to Triple Bogey
quote:
was trying to buy some 6 month treasuries yesterday on TDAmeritrade but couldn't figure out wtf I was looking at. Sad to say it, but I've never bought a bond before.
Pricing is weird but was sold in $1,000 increments.
I think I got $95.63 which means I paid $953.63 for 1 unit of $1,000. It was sold at a discount because stated interest rate is lower than market. So lower priced to yield market rate at maturity. I believe at maturity I get coupon rate (interest) and face value $1,000
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