Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

h2ebits

(906 posts)

5. Please explain how to do the bidding?

Reply to mahatmakanejeeves (Original post)

Tue Aug 8, 2023, 01:23 PM

Aug 2023

I've never used the bidding process. I don't understand what the "high rate" indicates vs. the Investment rate. If you wish to bid, how will you know the interest rate that you will be paid?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

T-bill rates. They're all about 5.35-ish percent now. [View all] mahatmakanejeeves Aug 2023 OP

Thanks! I've been watching, to see if I want to put some $ aside in a CD at my Credit Union. SWBTATTReg Aug 2023 #1

T-bill rates are at about CD rates. mahatmakanejeeves Aug 2023 #4

The US10Y @4%+ is quite intriguing. NoMoreRepugs Aug 2023 #2

It's a "double" in *Yield*-- lastlib Aug 2023 #3

Hence intriguing to say the least. Worst case 4% guaranteed. NoMoreRepugs Aug 2023 #7

Please explain how to do the bidding? h2ebits Aug 2023 #5

You don't make an exact bid. You take whatever comes your way. mahatmakanejeeves Aug 2023 #6

Thanks so much for your help! h2ebits Aug 2023 #8