Just bought two 12-months CDs from two large national banks with a quite satisfactory yield of 5.30%. I am not concerned about eking out a few extra basis points here or there in the future.
If I were to add a bond fund to my portfolio at this time, I would probably consider CBLDX, a low duration high yield OEF with an excellent risk/reward profile and an SEC yield of 8.80%.
Good luck,
Fred

Fred, you don't have to answer this question if you don't want to, but when you discuss your CD purchases, are those 4 figure, small 5 figure, large 5 figure, or 6 figure purchases?

It is very very rare on these threads, to see specifics about how much you are investing. So you hear these very detailed discussions about buying, but nothing about the extent of buying. I am an investor who does not have a large number of positions. I prefer to have larger, but fewer positions, in my portfolio. When I was investing in Bonds before March 2022, it was typical for me to own 10 or fewer positions, with my smallest position being in 6 figures. Even now in my CD world, 6 figures is my typical minimum.
So, this is a long winded way of stating, that it would be helpful to know how large of a treasury position, a bond oef position, ETF or CEF position, you are referring to when you state you made a purchase, or own a position. I know FD's investing style, and he talks about his successful performance, but he only invests in 5 or less positions in his portfolio, and each position is often larger than the entire portfolio of most posters, in talking about their purchases. I also know Yogi somewhat, but I have the impression that his purchases are part of a portfolio, with very large number of smaller bond positions. So, understand not only what they are discussing and purchasing, but also how much they are investing.

@Jim0445, FWIW, I looked for some connection between your Prof Donald Tuttle and Jim Cramer or Tuttle Capital and I didn't find any. I think that was your worry.

@yogibearbull- This is very weird, because
If I go to: https://client.schwab.com/Areas/Trade/FixedIncomeSearch/FISearch.aspx/Treasuries
I wind up on the "Find Bonds & Fixed Income" page,
and then in the   Or Search by CUSIP   box I enter:   91282CHS3
I get this Search Result:
   S&P       Moody's
  Rating      Rating        Description         Coupon        Maturity          Callable
    NR            Aaa       US Treasury Bills       5.466         07/31/2025           No
                                      91282CHS3
... and this note: "Currently Not Available"
I finally did get to a page that did show, as you said: VAR 07/31/2025 08/23/2023 07/31/2025
and by using "Buy" I was able to enter an order. Thanks for your help on this.

The Week in Charts (08/22/23)
A tour of the markets covering the most important charts & themes, including...
00:00 Intro
00:15 Tis But a Flesh Wound (Stocks)
07:41 No Pain, No Gain (Bonds)
12:37 Q4 Recession? (Economy)
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31:50 Better Than Expected (Earnings Update)
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39:32 A Secular Trend (E-Commerce)
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Blog

I just checked Schwab Treasury Auction list. It includes:
Buy US Treasury VAR 07/31/2025 08/23/2023 07/31/2025 1 year, 11 months, 9 days from today
(Buy Order will be entered for next business day)
A click on Buy brings up the Order screen with CUSIP 91282CHS3 prefilled. Order cutoff time is 10:30am Eastern tomorrow, 8/23/23. I didn't test beyond that as I had entered my order already on last Thursday (now shown as pending) and I don't want any duplicate orders.
I also checked with CUSIP search box on Fixed-Income Offerings page and it finds CUSIP 91282CHS3. Schwab general search box doesn't find it.

"2-yr FRN Auction is tomorrow, Wednesday, 8/23/23. FRNs pay 3m yield + spread (+12.5 bps expected tomorrow)" @yogibearbull : I looked at Vanguard & Schwab & couldn't find the above offering. Pre schedule shows an R & I think that is for a reopening. Would one have to add cuspid # in order to buy ?

If the first two guys' views on the 10y T fair value (4%-4.25%) are appropriate, we got us a buying opportunity at some point here.

For anyone who has knowledge of sentencing decisions why does Mr. Smith get 5 months to begin has sentence?

@Jim0445, do you think that Donald Tuttle of CastlePoint is related to Matthew Tuttle of Tuttle Capital Management?
https://www.linkedin.com/in/donaldltuttle
https://castlepoint-inv.com/castlepoint-profile/
https://tuttlecap.com/our-team/

(Originally from Bloomberg)
Excerpt: Gregg Smith was sentenced Tuesday in Chicago by US District Judge Edmond Chang. Smith, who was convicted last year along with Michael Nowak, the bank’s precious-metals desk head, was described by an assistant US attorney as “the most prolific spoofer that the government has prosecuted to date.”
The judge said Smith and Nowak clearly knew what they were doing was wrong. “You told many lies to the market,” Chang said. “For many years, you injected fraud into the market.” He ordered Smith to start his sentence on Jan. 15.
The JPMorgan case is part of a crackdown by federal prosecutors on illegal spoofing, where traders place bogus orders to move prices up or down and then quickly cancel them before they can be executed. Smith and Nowak used the technique to manipulate gold and silver prices from 2008 to 2016.
https://www.dailymaverick.co.za/article/2023-08-22-jpmorgans-most-prolific-spoofer-gets-two-years-in-prison/

if you cannot open this, OJ will probably be able to help
https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=116&emc=edit_pk_20230822&instance_id=100628&nl=paul-krugman&productCode=PK&regi_id=22268089&segment_id=142636&te=1&uri=nyt://newsletter/653cba04-4c41-516a-b313-4116c972048c&user_id=83d45440ead1d14c2a89a1e7221337d1

https://www.sec.gov/Archives/edgar/data/916620/000119312523217676/d530146d497.htm
497 1 d530146d497.htm NORTHERN FUNDS
SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”) SUPPLEMENT
NORTHERN FUNDS
SUPPLEMENT DATED AUGUST 22, 2023 TO
SUMMARY PROSPECTUS, PROSPECTUS AND SAI FOR THE NORTHERN ENGAGE360TM FUND DATED JULY 31, 2023
PENDING LIQUIDATION OF THE NORTHERN ENGAGE360TM FUND
The Board of Trustees (the “Board”) of Northern Funds (the “Trust”), upon the recommendation of Northern Trust Investments, Inc., investment adviser to the Trust, has determined that it is in the best interests of the Northern Engage360TM Fund (the “Fund”) and its shareholders that the Fund be liquidated and terminated on or about October 27, 2023 (the “Liquidation Date”) pursuant to a plan of liquidation and dissolution approved by the Board. The Liquidation Date may be changed at the discretion of the Trust’s officers.
The Fund will discontinue accepting orders by new investors for the purchase of Fund shares or exchanges into the Fund from other funds of the Trust after the close of business on August 23, 2023; provided, however, that existing shareholders of the Fund may continue to purchase, redeem and exchange Fund shares subject to the account policies described in the Fund’s prospectus until September 22, 2023. The Fund reserves the right, in its discretion, to modify the extent to which sales of shares are limited prior to the Liquidation Date. The plan of liquidation and dissolution for the Fund provides that the Fund will begin winding up its business and affairs and liquidating its assets in preparation for the liquidation.
Prior to the Liquidation Date, shareholders of the Fund may either: (1) redeem (sell) their shares at the Fund’s net asset value; or (2) exchange their shares at net asset value for shares of another fund of the Trust. Redemption and exchange orders should be submitted in the manner described in the Fund’s prospectus under “Account Policies and Other Information.” In connection with the liquidation, effective August 23, 2023, the redemption fee on the redemption of shares (including by exchange) held for 30 days or less is eliminated.
If no action is taken by a Fund shareholder prior to the Liquidation Date, the Fund will distribute to such shareholder, on or promptly after the Liquidation Date, a cash distribution equal to the shareholder’s proportionate interest in the net assets of the Fund (a “liquidating distribution”) as of the Liquidation Date. Prior to that time, the proceeds from the liquidation of portfolio securities will be invested in cash equivalent securities or held in cash. During this time, the Fund may hold more cash, cash equivalents or other short-term investments than normal, which may prevent the Fund from meeting its stated investment objective.
The Fund may make distributions to the shareholders of certain ordinary income and/or capital gains on or before the Liquidation Date. In that event, the distributions will generally be taxable to shareholders who receive the distribution (aside from tax-exempt accounts). Also, an exchange by a shareholder of shares of the Fund for shares of another fund of the Trust, a redemption of shares of the Fund for cash, or a liquidating distribution made to a shareholder as of the Liquidation Date will, in each case, generally result in a capital gain or loss for the shareholder for federal income tax purposes (and for most state and local income tax purposes), based on the difference between the value received by the shareholder for the Fund shares and the shareholder’s tax basis in the Fund shares. Shareholders also may be subject to foreign taxes on the liquidating distributions received.
SHAREHOLDERS SHOULD CONSULT THEIR PERSONAL TAX PROFESSIONALS CONCERNING ALL TAX CONSEQUENCES APPLICABLE TO THEIR INVESTMENT IN THE FUND AND THE TAX IMPACT OF THE LIQUIDATION OF THE FUND.
The pending liquidation of the Fund may be terminated and/or abandoned at any time before the Liquidation Date by action of the Board of the Trust.
Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference.
50 South LaSalle Street
P.O. Box 75986
Chicago, Illinois 60675-5986
800-595-9111
northerntrust.com/funds
LOGO NF SPT E360 (8/23)

Just bought two 12-months CDs from two large national banks with a quite satisfactory yield of 5.30%. I am not concerned about eking out a few extra basis points here or there in the future.
If I were to add a bond fund to my portfolio at this time, I would probably consider CBLDX, a low duration high yield OEF with an excellent risk/reward profile and an SEC yield of 8.80%.
Good luck,
Fred

2-yr FRN Auction is tomorrow, Wednesday, 8/23/23. FRNs pay 3m yield + spread (+12.5 bps expected tomorrow).

@Old_Joe, the 2y has topped 5%. Question now is how close it'll be to that magic number by the time the next auction rolls around on the 28th.

See 26-wk T-Bill Auction results for today, 8/21/23. Only the investment rate of 5.531% matters as that was the coupon-equivalent rate that EVERYBODY got. Other data just indicate how the institutional bids were spread out and what % got filled.
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230821_2.pdf

''Tenders at high rate were alloted at 96.79% On 2023-08-21, tenders at high rate were alloted at 55.99% ''
While checking on today's T-Bill purchase I came across the above notice.
Are large (mega) purchases given a better deal ?
My purchase bid 97.301 yield 5.532 ask 97.354 yield 5.42
Would the yield jump to over 6.532 ?

https://www.sec.gov/Archives/edgar/data/1644419/000158064223004331/long-cramer_497.htm
497 1 long-cramer_497.htm 497
Long Cramer Tracker ETF
LJIM
A series of Northern Lights Fund Trust IV (the “Funds”)
Shares of the Funds are listed and traded on Cboe BZX Exchange, Inc. (the “Exchange” or “CBOE”)
Supplement dated August 21, 2023 to the
Prospectus, Summary Prospectus and Statement of Additional Information (the “SAI”) of the Funds dated February 21, 2023
The Board of Trustees of the Northern Lights Fund Trust IV (the “Board”) has authorized an orderly liquidation of the Fund. On August 17, 2023, the Board determined that closing and liquidating the Fund was in the best interests of the Fund and its shareholders.
The last day of trading of the Fund’s shares on CBOE will be September 11, 2023 (“Closing Date”), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized Participants may redeem baskets of shares for a pro rata portion of the Fund’s portfolio on hand through the Closing Date.
The Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on September 21, 2023 (the “Liquidation Date”).
From the Closing Date (September 11, 2023) through the Liquidation Date (September 21, 2023), shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund’s shares during this time period. Between the Closing Date and the Liquidation Date, the Fund will be in the process of closing down and liquidating its portfolio. This process will result in the Fund increasing its cash holdings and, as a consequence, not tracking its underlying index.
Shareholders remaining on September 21, 2023 will receive cash at the net asset value of their shares as of that date, which will include any capital gains and dividends as of such date. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of the Fund’s shares may be treated as a taxable event. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation. Once the distributions are complete, the Fund will terminate.
______________________________________________________________________
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus, and SAI and should be read in conjunction with those documents. The Summary Prospectus, Prospectus and SAI have each been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of these documents may be obtained without charge by visiting www.crameretfs.com or by calling 1-888-723-2821 (toll-free). For additional information regarding the liquidation, shareholders of the Funds may call 1-888-562-8880 (toll-free).
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Nice @Junkster.
If I had any loose cash I’d buy some longer dated bonds. 4.34% on a 10-year ain’t chump-change. Rates drop and snatch some cap gain. It’s amazing people put so much stock in what Larry Summers says!
I also get the sense watching things that the equity markets are poised to rally. Must be a lot of traders laying back in the lead up to Labor Day. Maybe it will take a significant drop in longer term rates to spark a rally. Perhaps another 5% or so on top of the current gains by year’s end.
Guess I’m shouting into the wind, as most all the “experts” are calling for down markets the rest of the year..