How to Purchase 4-Week T-Bills
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By Sun
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 purchase for a month, I probably shouldn’t have stopped it in the first place.
Anyway, since I already have a TreasuryDirect account, restarting the weekly purchase process takes only a couple of minutes:
Since the money is drawn from your bank account after the deposit from matured bills is made (if there is any), you only need $4000 in your account if you want to make repeat purchase of $1000 (minimum amount) every week.
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I have a question also. I’d like to ask what is the procedure for foreigners to invest in T-bills? I’m Bulgarian, if that could help. Are there any restrictions or secial papers needed?
Thank you very much for your answers!