question: etrade treasure t-bills and TD AmeriTrade CD

I bought 1k tras t-bills at 2/6/2023 showing yield 3.4, 2/15/2023 maturity, price 999.88, but when I paid, it should accured interest 9.57, so I paid 1009.45. How much will I get at 2/15/2023? I read some article said it only returns face value of 1000. Why I have to pay accured interest? will I lose $9?

The same thing happened in CD at TD AmeriTrade, 3.8% from Ally bank, materity date 2/17/2023, 1k, it charged 1000.89+8.86 interest, total 1009.53, when will I get back at 2/17/2023?

I searched online but cannot find info about arrcured interest.

They are all retirement accounts.

It is my first time to buy. Please help me. Thanks a lot.

 

你2月6日买2月15日到期的国债？赚9块钱？为什么？

what is this accrued interest?

hhtt, Thanks. I have some un-invested cash in retirement account. Interest rate is very low 0.15%. so I tried to buy 1k treas t bills. It showed 2/15 maturity, but it charged me 1009 since 9 is accrued interest. I am so confused since some article said it will only return face value of 1k. why e trade charge 1009? what is this accrued interest?

I want to learn more how to buy brokered cd and tbill in retirement account since there are some un-invested cash and stock is high now.

如果有 accrued interest，那就不是 T-bill。你还是写中文吧，英文错字太多很难理解

Could you tell us: what is the CUSIP of the security, what is the trade date and settlement date of your purchase?

你买的肯定不是 treasury bill，你买的是2手的 note or bond

Accrued Interest and the Bond Market

Accrued Interest and the Bond Market 

When buying bonds in the secondary market, the buyer will have to pay accrued interest to the seller as part of the total purchase price. An investor that purchases a bond sometime between the last coupon payment and the next coupon payment will receive the full interest on the scheduled coupon payment date given that they will be the bondholder of record. However, since the buyer did not earn all of the interest accrued over this period, they must pay the bond seller the portion of the interest that the seller earned before selling the bond.

912828UN8-CUSIP, trade date 2/6/2013

Bond Offering Detail  

CUSIP/ ISIN/ SEDOL	Mdy/S&P	Issue Description	Coupon	Maturity
912828UN8/ US912828UN88/ B9CDBG2	Aaa/-	United States Treas Nts 2%02/15/23	2.0	02/15/2023

Issuer Information Dated Date 02/15/2013 First Coupon 08/15/2013 Next Coupon 02/15/2023 Last Coupon 08/15/2022 Frequency Semiannually Original Issuance Delivery: Interchangeable Underwriter   First Settle Date   Original Size $24,000,010,900 Outstanding Size $66,000,846,200 Min Denom / Increment 100x1,000 Collateral Note Blue Sky Restrictions   Moodys Rating Information Long Term Rating Aaa effective 06/24/2022 Short Term Rating   Outlook   Creditwatch   S&P Rating Information Long Term Rating - Short Term Rating - Outlook   Creditwatch

Security Type Features Type Treasury Category Note New Issue No Religious Org No Call/Sink/Put Features Non-Callable

Best Offering   Qty Minimum Increment Price Settlement Worst Yld Yld Worst: 02/15/2023@ 100 Yld Mat: 02/15/2023@ 100 Yld Next Call(c): @ - Yield Par call(p): @ - Yld Put(u): @ - Yld Sink(s): @ - Current Yield Annual Percentage Yield Macaulay Duration Mod Duration to Earliest Redemption Mod Duration To Worst Mod Duration To Maturity Convexity Bid 10000 300 1 99.941406 02/08/2023 Maturity 5.035 5.035 - - - - 2.001 - 0.019 0.019 0.019 0.019 0 Offer 35000 200 1 99.971406 02/08/2023 Maturity 3.471 3.471 - - - - 2.001 - 0.019 0.019 0.019 0.019 0 Comments

你这在瞎搞什么？在二级市场买美国十年期的国债只差一个礼拜就到期了！我这破唱片再为你放一遍？买新发行的少于一年期的国债！！

Thank you. I understood now

At 2/15/2023, I should receive face value and interest.

短期国债每个礼拜都有一次新发行的，利息都在4.5%到4.9%之间。我说过10年期到5%就买，可就是不上去。

slow_quick, thanks. Sorry for not typing Chinese.

hhtt, I need to just make some interests for un-invested cash in retirement account. The reason I buy this since I think I can get money at 2/15/2013. So if stock price drops, I have the money to buy stock.

Does it make sense?

如果是这样，你现在应该买入股市！我从去年下半年就一直在叫，股市是大减价，应该买入！今天我不能说是大减价，只是减价！

Thank you so much.

I just want to make a few interest for un-invested cash in retirement accounts for short period of time.

 

股市大减价是大盘跌了25%，今天大盘只比最高点下调了14%。如果你在去年下半年买入股市，平均回报有个10%，好的有15%

hhtt, I followed the rule you said the last year..

SP500 drop x%, buy y%

It works! Thank you!