Bond
T-Bill Investment Rate: Is it APR or APY? And What Is Your Taxable Equivalent Yield?
If you go to TreasuryDirect’s website and check the latest T-Bill rates, you will find a table with the following seven columns: Security Term, Issue Date, Maturity Date, Discount Rate %, Investment Rate %, Price Per $100, and CUSIP. As a 4-Week T-bill investor, when I look at the table, the single item that concerns [...]
4-Week T-Bill Rate Kept Rising
The lastest 4-Week T-bill rate from last Tuesday's auction is 5.176%, already surpassing interest rates offered from some popular banks, such as EmigrantDirect and HSBC, which earn you 5.05% APY.
If you want to get some other alternatives for your cash reserve, you may want to consider E-Loan, which has a very appealing 5.50% APY and [...]
4-Week T-Bills: Back into Action and How to Make a Purchase
This week's auction result put the interest rate of 4-week T-Bills at 5.146%, better than what EmigrantDirect and HSBC offer (5%). For second straight week, the rates are above 5%, making T-Bills more attractive now than a month ago. And I decided to jump back in again. Well, considering that I have only canceled the [...]
Time to Reconsider 4-Week T-Bill Purchase?
Exactly one month ago, I canceled our $3000 weekly 4-Week T-Bill purchase after the interest rate dropped to 4.757%, far less than the 5.15% APY we earned from EmigrantDirect at that time.
In the past month, we have seen changes on both the banking and T-Bill fronts and the new developments made me wonder if [...]
2006 4-Week T-Bill Rate Update
After reaching a low of 4.624% on September 28th, the rate of the 4-week T-Bill has rebounded a little bit, with the most recent auction on October 10th resulted in a 4.87% APY. While the rate is still lower than what some popular online savings accounts (such as EmigrantDirect and HSBCDirect) currently offer, buying 4-week [...]
OK, I’m Cancelling My T-Bill Purchase
Yesterday’s auction set the latest yield of 4-week T-Bill at 4.721%, dipped 3 basis points from last week’s rate. After examining recent yield moves, I feel that we would be better of if we shift the cash currently invested in 4-week T-Bills to our savings account at EmigrantDirect, which pays 5.15% APY.
I will keep an [...]
2006 4-Week T-Bill Rates
After peaking at 5.227% APY on August 8th, the yield of 4-week T-Bill has been on the decline. The auction of last Tuesday set the latest rate at 4.757%.
Stop. You Exceeded The Limits!
No, this is not for speeding, but for online transfers at my HSBC account.
I got a letter from HSBC tonight dated last Thursday, August 24th. The letter says my savings account at HSBC has a limit of six “preauthorized, automatic, computer or telephone transfer” in any month, calendar or statement cycle month and I [...]
2006 4-Week T-Bill Rates
Last week’s 4-Week T-Bill auction set the latest rate at 5.166%, a slight dip from previous two auctions, but still higher than the rate at EmigrantDirect which pays 5.15% for savings account. So far, we have enjoyed an upward swing of the 4-Week T-Bill rates, up from 4.00% at the beginning of the year to [...]
More T-Bill Purchases
Now I buy $3000 of 4-week Treasury bills every week.
I have been purchasing $2000 of 4-week T-bills weekly since since April after reading a discussion on Morningstar.com about the rate of 4-week T-bill and the rate of online savings account. At that time the two were every close, but since T-bill is exempted from state [...]
