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T bill buy for tomorrow, WED.

Derf
in Fund Discussions
What's UP!?
I tried Schwab & Vanguard to purchase 17 week T bill. Tentative Auction schedule is wrong , I'm off line!, brokerages broke, or the Treasury is no more. Anyone having an issue?
Thanks,Derf

Comments

  • yogibearbullyogibearbull
    Treasury announcement came less than 10 min ago. You may have to wait until afternoon to enter orders at brokerages.
    Unless there is some other issue...
    https://www.treasurydirect.gov/instit/annceresult/press/preanre/2025/A_20251202_2.pdf
  • Dave
    @Derf: The Treasury announcements are at/around 11:00 AM ET. And then the brokerage auction links take awhile to be updated. So patience is required.

    Which isn't so bad on most of the issues.

    But why the 4-Month bills (17-Week) have an extremely short window of ~24 hours between the opening and the auction is a head scratcher...
  • Derf
    @yogibearbull & @Dave thanks for replies much appreciated.
  • Derf
    Rate 3.62 on recent purchase.
  • Observant1
    edited December 4 

    7-Day Yields as of 12/03/2025

    VANGUARD FEDERAL MONEY MARKET (VMFXX)          3.90%
    SCHWAB PRIME ADVANTAGE MONEY INVESTOR (SWVXX)  3.84%
    FIDELITY GOVERNMENT CASH RESERVES (FDRXX)      3.69%
    FIDELITY GOVERNMENT MONEY MARKET (SPAXX)       3.63%
    CME FedWatch indicates there is an 87% probability of a 25 bps rate cut at the Dec. 10 Fed meeting.
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