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MGK_1223 t1_jae8x06 wrote

Reply to comment by rwaterbender in Question about bond rates by rwaterbender

Are you buying on Treasury Direct or on a brokerage? If TD and you have the discount rate, you can use the following formula with $100 as face value and 30 days as time: Price = Face value (1 – (discount rate x time)/360).

If through a brokerage, the price should be directly listed.

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rwaterbender OP t1_jaebei8 wrote

I'm at a brokerage, and it doesn't say. It allows me to buy in increments of 1k face value but doesn't say what the price I'm buying at is.

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MGK_1223 t1_jaedqnt wrote

>What brokerage are you using? I can see your cusip # in Schwab and pricing ranges from 99.57500 to 99.57800.

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rwaterbender OP t1_jaeejav wrote

I'm using fidelity...but at that rate I'd make about 5% after compounding on a 30day note which doesn't seem unreasonable. Thank you!

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