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  • msf August 2023
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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T-Bill Auctions - Labor Day Revisions

yogibearbullyogibearbull
in Other Investing
Due to Labor Day holiday, Monday:

13-wk & 26-wk Auctions will be on Tuesday, 9/5/23.

52-wk Auction will be on Tuesday, 9/5/23 (as typical).

42-day Auction is a CMB, so it isn't on the regular Treasury Auction Schedule. Some brokers may not offer them.

But Settlement dates for these will still be Thursday, 9/7/23.

Orders placed from Thursday afternoon to early Tuesday will be covered by maturing T-Bills on 9/7/23.

Treasury Announcement (note that brokers may have earlier order closing times than Treasury),
https://treasurydirect.gov/instit/annceresult/press/preanre/2023/SPL_20230831_1.pdf

Comments

  • msf
    42-day Auction is a CMB, so it isn't on the regular Treasury Auction Schedule. Some brokers may not offer them.

    FWIW, they are also not available through TreasuryDirect. (In reference to another thread, I agree that there is usually little point in buying T-Bills through TreasuryDirect.)

    "Cash Management Bills are only available through a bank, broker, or dealer. We [Treasury] do not sell them in TreasuryDirect."
    https://www.treasurydirect.gov/marketable-securities/treasury-bills/
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