Sorry if this is a noobie question, I am new to the treasury direct website. When buying a treasury bill through treasurydirect.gov, will I actually not know the yield until the auction has been completed? Will I just have to look at the recent auctions and hope that I am in the same ball park?

I watched some videos and it looks like through Fidelity you can see it through the order screen, but I don’t see something similar directly on the treasury direct website.

TIA!

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AutoModerator t1_jacoq20 wrote on February 28, 2023 at 2:18 PM

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DeluxeXL t1_jacql1c wrote on February 28, 2023 at 2:31 PM

#2,105,252

Right. You won't know the result of a current or future auction until it has ended. (Don't worry, you'll never pay more than the face value of the bill.)

What you see on Fidelity have already left auctions and are being traded on the secondary market.

Knipfty t1_jad1gt1 wrote on February 28, 2023 at 3:46 PM

#2,108,633

You can buy at auction thru Fidelity too. I buy my T Bills thru Vanguard at auction. It will be very close to where the market is.

TiredPistachio t1_jad4ctz wrote on February 28, 2023 at 4:05 PM

#2,109,628

Just look at this

https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202302

It'll be pretty close. Any yields you see on fidelity are either secondary market t-bills or is a guess.

brundylop t1_jadiwwj wrote on February 28, 2023 at 5:38 PM

#2,114,246

Correct. You won’t know the exact yield/interest rate until after the auction. But it will be close to the values listed on the website

https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&field_tdr_date_value_month=202302

ESGSGX t1_jadssb3 wrote on February 28, 2023 at 6:40 PM

#2,117,399

If i were to invest 25K into 4-Week Bill, how much will i get back based of recent auctions ?

bitterwrecker OP t1_jae1x9e wrote on February 28, 2023 at 7:38 PM

#2,120,367

Replying to DeluxeXL (#2,105,252)

Thank you!!