UK Treasury bill - Treasury bill chat

Stock Discussions
591

Depends on how you look at it. For a positive view if you take 3% as inflation figure. Then you are over that so your value has increased buying power.

This is why I’m in 2 minds on these Treasurys. While its over inflation, I’m still better off a year later. But, a 1% increase on £700+ isn’t much. But, it is my reserve cash. So, 1 week liquid funds vs locking it up longer for higher is a possible issue.

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592

4.31% this morning

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593

I wish I was still 100% treasuries :rofl::joy:

594

Only did 60% this week. I needed the funds as one of my daughters needed a prom dress. Im happy that i did have the Treasury funds rather than having to sell something.

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595

Up a little at 4.42% this morning

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596

4.43% this morning.

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597

up up up

598

Been a good few weeks for these, oh the power of hindsight :sob::joy:

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599

4.44% this morning.

Creeping up …

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600

How does one set treasury bills too not reinvest?

601

Click on “edit” and select amount to reinvest “0”

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602

4.40% this morning.

Frankly, I was expecting anything this week :thinking:

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603

It’s holding up great! MMFs aren’t much above that at all I don’t think.

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604

Down a bit at 4.22% today

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605

So, anyone know if Freetrade is requesting a % thats to high or that the money available is way over that amount of Treasurys available. Hence why they end up going to the secondary market and getting a lower rate of 4.24% ?

606

I had a message from FT advising that demand was high at todays auction hence using the secondary market .

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607

I did get that. But, is it that Freetrade bids funding £250,000 @ 4.4. Then someone else is biding @ 4.3%, then having to find a lower offer as under bidded ?

608

The Treasury allocate to the lowest yield, so the 4.3% bid would be allocated first and then any remaining to our 4.4% bid. But sounds like FT werent allocated anything as the demand was too high with more competitive yields, so traded on the secondary market

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609

I’m wondering how they come up with a figure as they missed out a few times lately.

610

I’m not sure how FT formulate their bid price, I would assume it’s primarily driven by the previous auction levels, taking into account current BoE interest rates and market sentiment.