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If that was the case then the simple interest would not be higher (5.207%) than the investment rate (5.155%).

I suspect you are correct. But, as you said, whatever. It doesn't matter what anybody thinks about the direction of rates (including JPM). All you can do is manage your maturities to mitigate some of the "falling rate" risk which is prudent even if that risk doesn't materialize. None of us have...

Buying a 52-week T-bill is a hedge against MM rates falling. I like to diversify over time because even though I have an opinion as to where rates will be over the next year, Mr. Market doesn't care what my opinion is. This week I'm in the 8, 26 and 52-week auctions in our taxable account. Right...

By the way, the 5.155% "investment rate" on the 52-week today translates to a 5.221% APY. (For those of you that like to play with spreadsheets use the YIELDDISC function. In reality, your investment will rise by 5.207% since 52 weeks is a day shorter than a year). When you compare money market...

Current best non-callable brokered CD rates at Schwab (05/14/24): 12 mo - 5.25% 18 mo - 5.15% 24 mo - 5.00% 36 mo - 4.85% 48 mo - 4.60% 60 mo - 4.60%

In our taxable account I am in the 52 week auction today. Even at 5.1% we will be better off than purchasing a 12 month CD at 5.25% (highest this morning at Schwab) after accounting for state taxes (breakeven would be 4.98% on a treasury for us). In retirement accounts I'm buying CDs.

+1 They will not completely equalize the temperatures, but they will improve the situation. We use Airtap vent fans and they definitely help us.

For those of you that use it, the eyebonds.info website was updated yesterday to reflect the latest rate change.

Has anyone else noticed that the eyebonds.info site has yet to be updated to reflect the new rates?

The 4.28% rate is for new purchases - 1.30% fixed rate plus 2.98% variable rate.

And I just replaced it with CUSIP 3130B13S4, FHLB 6.5% bond maturing 05/09/2044 callable quarterly starting 08/09/2024. And if that gets called I'll just replace it with another one. Lather, rinse, repeat.

I don't know the answer to your question but this calculator might be of help. Good luck. https://costbasistools.com/spinoff/calculator.php

I got a call notice this morning for my FHLB 6.9% bond maturing 11/06/2043. I'm not surprised, but at least now I know the call threshold (for now) is somewhere between 6.6% and 6.9% for those long term (10-20 year) callables. No big deal. I'll simply deploy into another FHLB long-term callable...

But...but...but... Joe Namath, Jimmie Walker and Henry Winkler told me it was free! I trust those guys. They wouldn't lie to me, would they? :rolleyes:

Current best non-callable brokered CD rates at Schwab (04/26/24): 12 mo - 5.15% 18 mo - 5.05% 24 mo - 5.00% 36 mo - 4.85% 48 mo - 4.65% 60 mo - 4.55% Rates are 5 basis points higher this week on 24-60 month CDs, unchanged on shorter maturities.

All of the above FHLB bonds survived the call date so I still own them and am happily still collecting 6%+ coupons. The FHLB website allows you to search for call history for any CUSIP here: https://www.fhlb-of.com/ofweb_userWeb/pageBuilder/calls-and-amortizations-69 Bonds that are...

Unless you are doing it on your terms. The best j*b is the one where they need you more then you need them, you can dictate the terms and can tell them to, um, buzz off at any time.

Except for the boat thing my cost and cost savings are exactly the same as you lol.

I have four FHLB bonds that have possible calls this coming week. One will definitely not be called. It pays 5.1% interest and is maturing in 6 months. The other three are more interesting: FHLB 6.55% maturing 10/25/2033 (continuously callable after 4/25/24) FHLB 6.00% maturing 01/26/2044...

Or in retirement accounts.

Current best non-callable brokered CD rates at Schwab (04/12/24): 12 mo - 5.15% 18 mo - 5.05% 24 mo - 4.95% 36 mo - 4.80% 48 mo - 4.60% 60 mo - 4.50% Brokered CD yields are trying to catch up to treasuries. They are getting close but still lagging a wee bit. Another 5-10 basis points...

I have not watched the news in years. I read the news every day off my Apple News feed.

Sounds like a reasonable approach to me.

Always? Really? The last two years proves this statement false.

That's because this thread isn't about Treasuries. If you wnt to discuss Treasuries go here: https://www.early-retirement.org/forums/f28/treasury-bills-notes-and-bonds-discussion-2024-a-120449-5.html#post3073146