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Posted on 9/21/22 at 10:54 am to Realityintheface
quote:
Realityintheface
And just like that he is gone.
Is there a place where you can buy the 2 year at par?
Posted on 9/21/22 at 4:08 pm to TDTOM
quote:
Is there a place where you can buy the 2 year at par?
T bills pretty much always sell at a discount to par at auction since there it is zero coupon. Treasury notes/bonds (i.e. anything over a year) can sell at a discount or premium to par. It's possible an auction could sell exactly at par but not likely. What matters is the yield you get.
Some people prefer buying on the secondary market and avoid the auction. That way you know exactly what yield you are getting beforehand.
Fyi, the next 2 year note auction is this Monday. You should be able to place an order for it at Fidelity, Vanguard etc tomorrow.
You can see the results of the last several auctions here. Click on 'Notes' and look for the 2 year offerings. If you click on one, you can see what the price of a single bond sold for at auction.
https://www.treasurydirect.gov/instit/annceresult/annceresult.htm
Posted on 9/21/22 at 4:16 pm to Realityintheface
Bunch of geniuses get quite emotional about their financial opinions on the ol’ money board huh!?
Posted on 9/21/22 at 5:20 pm to wutangfinancial
quote:
Some of these on-the-run treasury bonds 20+ duration are going to yield 30-40% on top of the coupon the next few years. Most people don't understand that.
please explain, Great Wutang - treasury bonds don't pay coupons? and how would they yield 30%+ if the rate is locked in at issue? maybe i am misunderstanding something here
Posted on 9/21/22 at 7:10 pm to GREENHEAD22
quote:
I have 40k that I want to be able to access next July if I need to. Can decide if just stick it in a high yield account or Treasuries.
Interest on T's is local and state tax free. Assuming your cash is in taxable I would go with T's with remaining term of 9 to 10 months.
Posted on 9/21/22 at 7:35 pm to kung fu kenny
quote:
please explain, Great Wutang - treasury bonds don't pay coupons? and how would they yield 30%+ if the rate is locked in at issue? maybe i am misunderstanding something here
Treasury bonds pay out a coupon. Bonds with higher duration will increase in price more than shorter duration bonds because they have higher convexity, so as rates go down, you have gains on top of the coupon. You are assuming rates are going down from what is priced in now in this scenario.
This post was edited on 9/21/22 at 7:37 pm
Posted on 9/21/22 at 7:45 pm to Pendulum
i picked up some 3 month t-bills just for shits abd giggles better than it being in a MMF. I never ever for the life of me thought i would do this and say that but i did.
big dividend payers like QYLD and RYLD have been devastated. too low to sell now. I am just DRIPPING these bitches until this bounces back which may take awhile unfortunately.
big dividend payers like QYLD and RYLD have been devastated. too low to sell now. I am just DRIPPING these bitches until this bounces back which may take awhile unfortunately.
Posted on 9/21/22 at 8:00 pm to Fat Bastard
quote:
I picked up some 3 month t-bills just for shits abd giggles better than it being in a MMF.
That’s how I see it. Staying with 3-6 month bills will be better than MM or even the best HY acct. Just ladder in and no matter if rates shoot up, some of them will be coming due and you can get the higher rate. I’m not worried about a few basis points here and there. Still better and more liquid than most anything else right now… with no principal risk.
Posted on 9/21/22 at 8:13 pm to Jag_Warrior
quote:
Still better and more liquid than most anything else right now… with no principal risk.
you mean it is better than celsius?
jeez. when i see how down i am in my dividend payers i think to myself it coulda been worse i coulda bought celsius and lost it all.
Posted on 9/21/22 at 8:48 pm to Fat Bastard
We really missed out on an opportunity there! We coulda refinanced some properties and sent it to the good folks at Celsius. EZ mulla!
Being called stupid for not jumping into a Ponzi scheme didn’t set too well with me. I feel bad for the ones who fell for it. But you always gotta tell yourself, if it sounds too good to be true…
As for div payers that I have in my investment account, I think about the only ones that have held up reasonably well are MO, PMI and ARCC. We’ll see if I finally get some IBM put to me at 120 in a couple of weeks. I’ve been selling puts for about a year and haven’t gotten the first share so far… but the premiums have been pretty sweet. Most everything else looks like a dumpster fire.
Being called stupid for not jumping into a Ponzi scheme didn’t set too well with me. I feel bad for the ones who fell for it. But you always gotta tell yourself, if it sounds too good to be true…
As for div payers that I have in my investment account, I think about the only ones that have held up reasonably well are MO, PMI and ARCC. We’ll see if I finally get some IBM put to me at 120 in a couple of weeks. I’ve been selling puts for about a year and haven’t gotten the first share so far… but the premiums have been pretty sweet. Most everything else looks like a dumpster fire.
Posted on 9/22/22 at 12:40 pm to gpburdell
quote:
6 month is the sweet spot at 3.8% and I've been buying a bunch of those with my emergency fund.
forgive my ignorance, but is that 6 month rate annualized? in other words, you don't get a 3.8 percent return on investment, you get 1.9 for a 6 month bill?3.8 is the APY right?
Posted on 9/22/22 at 12:43 pm to Bunsbert Montcroff
Yes, yields are annualized.
Posted on 9/29/22 at 2:50 pm to Aubie Spr96
Picked up some 1yr notes from Cisco today at 4.4% and some 9 month Ingersol Rand at 4.38%
ETA: The tech bonds go quick. I had to place multiple orders to get Cisco and Amazon bonds.
ETA: The tech bonds go quick. I had to place multiple orders to get Cisco and Amazon bonds.
This post was edited on 9/29/22 at 2:56 pm
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