Going To Try US-T Bills

[revhappy]

i wouldn't necessary assume. so better be clear for the avoidance of doubts

People who buy in sizes of >1million in one shot, wont come here lah.

 

[reddevil0728]

People who buy in sizes of >1million in shot, wont come here lah.

wouldn't necessary assume anything. regardless, that doesn't stop us from posting the more accurate information as much as possible

 

[bearkia]

First 1 million notional, the first is 0.2 bps. So, it should be 20 dollars. When more than 250 thousands, the fee is higher than minimum of 5 dollars.

 

[BBCWatcher]

First 1 million notional, the first is 0.2 bps. So, it should be 20 dollars. When more than 250 thousands, the fee is higher than minimum of 5 dollars.

USD of course, plus GST if it’s an Interactive Brokers Singapore account.

 

[Kayeesha]

Hi, I’d like to buy some US-T bills. Do I have to download the TWS app or can I perform the trade on the Client Portal? As this would be my first trade on IBKR, would someone be able to kindly give me the step-by-step instructions on how to perform the trade? Thank you.

 

[reddevil0728]

Hi, I’d like to buy some US-T bills. Do I have to download the TWS app or can I perform the trade on the Client Portal? As this would be my first trade on IBKR, would someone be able to kindly give me the step-by-step instructions on how to perform the trade? Thank you.

i think web portal ok.

first trade on IBKR... does that mean you are changing money to USD just for this purpose?

 

[Kayeesha]

i think web portal ok.

first trade on IBKR... does that mean you are changing money to USD just for this purpose?

Thanks, reddevil0728.

I already hold USD.

I did some tests by entering values and previewing the order. Although the estimated total cost is less than the amount of USD I have in my cash account, I note at the bottom of the Preview page, a table listing out the balances for position, Equity w/loan, initial margin, maint. margin. I presume I can just ignore the values shown for initial and maint. margins and be assured that I have not/will not be borrowing funds to purchase the T-bills?

 

[reddevil0728]

Thanks, reddevil0728.

I already hold USD.

I did some tests by entering values and previewing the order. Although the estimated total cost is less than the amount of USD I have in my cash account, I note at the bottom of the Preview page, a table listing out the balances for position, Equity w/loan, initial margin, maint. margin. I presume I can just ignore the values shown for initial and maint. margins and be assured that I have not/will not be borrowing funds to purchase the T-bills?

without further details can't say for sure. why not change urs to a cash account if you don't plan to use margin?

 

[Kayeesha]

without further details can't say for sure. why not change urs to a cash account if you don't plan to use margin?

I may not plan to use margin now but I may later, I’m not sure. Thanks, though.

 

[ahnyaahnya]

This morning USA 6 month Tbill % going up

 

[reddevil0728]

This morning USA 6 month Tbill % going up

cause fed still increasing rate what

 

[ahnyaahnya]

cause fed still increasing rate what

After the announcement late last week , it fell.
Now recovered to almost 52 week high. 4.744%

 

[reddevil0728]

After the announcement late last week , it fell.
Now recovered to almost 52 week high. 4.744%

hmmm this week 4.57% https://www.treasurydirect.gov/instit/annceresult/press/preanre/2022/R_20221205_2.pdf
last week 4.55% https://www.treasurydirect.gov/instit/annceresult/press/preanre/2022/R_20221128_2.pdf

 

[ahnyaahnya]

hmmm this week 4.57% https://www.treasurydir

hmmm this week 4.57% https://www.treasurydirect.gov/instit/annceresult/press/preanre/2022/R_20221205_2.pdf

Hmm, that result released on 5th Dec. Bidding was last week. So that's last week's rate.
https://www.wsj.com/market-data/quotes/bond/BX/TMUBMUSD06M

 

[milkfish]

This morning USA 6 month Tbill % going up

Strong ISM data, implies Fed will raise more, less probability to pause anytime soon. Stocks go down, yield go up.

But as long as holding individual TBill, worst case just hold until maturity, won't lose money one.

 

[reddevil0728]

Hmm, that result released on 5th Dec. Bidding was last week. So that's last week's rate.
https://www.wsj.com/market-data/quotes/bond/BX/TMUBMUSD06M

Not familiar with this.

the link I got is direct from treasury direct not some 3rd party

 

[RedsYWNA]

After the announcement late last week , it fell.
Now recovered to almost 52 week high. 4.744%

We are nearly at the peak of the projected cycle (5% - 5.25%), not unexpected.

The 10 year T-bills offer more insights into the future rates.

 

[ahnyaahnya]

Not familiar with this.

the link I got is direct from treasury direct not some 3rd party

But the one in your link is last week's bidding. Not current market %

 

[ahnyaahnya]

We are nearly at the peak of the projected cycle (5% - 5.25%), not unexpected.

The 10 year T-bills offer more insights into the future rates.

Yah. 6 months is only for short term.
When we think peak already, must buy long term bonds or FD (but those only have few years, yah?)

 

[reddevil0728]

But the one in your link is last week's bidding. Not current market %

oh. i was referring to the auction results. not those being traded