@acamp this is really frustrating being my first treasury bill maturing and the auto invest hasn’t worked. Does this mean I will miss this week’s tender as that really messes up how I have these allocated.
It might be that only part of Freetrade’s tender was accepted by the treasury. Maybe they went for too high of a rate of return? Be interested to see the official response.
Hope so!
Hi @NeilR the team is investigating the root cause at the moment. It doesn’t appear to be an issue with our bid at the auction. If there was a bug that caused your order to fail then we’ll ensure an allocation in today’s auction is made to you.
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Hi Alex. Thank you for the quick reply and reassurance. Much appreciated 
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Keep us posted, nothing has been confirmed as yet regarding this week’s.
4.75% YTM 
Pretty good considering the next meet ‘should’ to see the base rate moving to that.
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To update everyone there was a glitch that impacted a very small number of customers, 4 in total that were not reinvested. Credit to FT they paid me the interest due for the week and I’m reinvesting this week hoping it won’t happen again.
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Great outcome Neil, well done Free trade for acknowledging the error.
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With a 0.25% reduction to interest rates announced today are we expecting 4.5% or lower from today’s auction?
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I’m not reinvesting this time, purely to put funds to work in depressed rate sensitive areas, I think we will see 4.60%, purely a guesstimate. Currently the yield is 4.86% for the 1 month, we were approximately 20 bps down for last weeks tender to the yield, so figured this could be the same this week. 4.50-4.60 range pretty safe assumption. The yield slowly edged south from the last base rate cut, however it will be 6 weeks until the next potential cut. T212 still 5.17% as I type.
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4.73% today so not too bad.
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Crikey that is good actually! So random aren’t they.
its a blind auction, something to keep in mind
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Is there any way to have daily treasury bills? That would be a gamechanger, as at the moment I need to decide if I buy something the following month or I want earn some interests
I don’t see why just because the BoE drops the rate these would necessarily follow directly. If they drop the rate, it could be the economy is heading the wrong way. Giving the possibility that the government could get less income. Raising the risk level.
Is this view wrong ?
I don’t think daily ones exist, looking at the gov.uk website, it looks to be monthly, 3 monthly, or 6 monthly.
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4.72% today
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4.71% this week
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Holding up quite well then
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