Hello,
I have about 100,000 USD that was in my HYSA earning 4.25% APY. I used to get $350per month in interest.
After looking at some youtube videos, I moved all of it to a brokerage where I am purchasing short-term T-bills on secondary market. I typically buy t-bills that mature in a month. I bought T-Bills that had YTM of 4.72% and with maturity date of 25 days in the future. With 4.72% YTM, I was able to get T-Bills for a discount of $280.
So does a lower APY earn more than a higher YTM? Should I have left everything in HYSA?
Thank you.
TDLR:
Is 4.25 APY in HYSA better than 4.72 YTM in t-bills?
I have about 100,000 USD that was in my HYSA earning 4.25% APY. I used to get $350per month in interest.
After looking at some youtube videos, I moved all of it to a brokerage where I am purchasing short-term T-bills on secondary market. I typically buy t-bills that mature in a month. I bought T-Bills that had YTM of 4.72% and with maturity date of 25 days in the future. With 4.72% YTM, I was able to get T-Bills for a discount of $280.
So does a lower APY earn more than a higher YTM? Should I have left everything in HYSA?
Thank you.
TDLR:
Is 4.25 APY in HYSA better than 4.72 YTM in t-bills?
Statistics: Posted by pagetrip — Sat Sep 28, 2024 3:47 pm — Replies 0 — Views 142