I have been autorolling 4 wk Tbills on Treasury Direct (TD) this year usually for 3 or 4 months at a time. Checking today to schedule my next series of auto reinvests I have two Tbills that mature on 10/22/24.
I cannot schedule an auto reinvest for these Tbills since I am within 4 days of the auction date according to the TD site. It appears these 2 Tbills will mature and be returned to my bank with both principal and interest earned. Not finding a way to auto reinvest it appears I will have to buy two new tbills. The next 4 week auction is 10/24/24 and the new Tbills will issue on 10/29/24.
Do I have this correct or is there another way to continue the reinvestment?
TD will debit my bank for the new Tbills on the issue day of the new Tbill (10/29/24). Is that enough time for the matured Tbills to reach my bank if I schedule the new Tbills buys tomorrow? (10/21/24).
Thank you.
I cannot schedule an auto reinvest for these Tbills since I am within 4 days of the auction date according to the TD site. It appears these 2 Tbills will mature and be returned to my bank with both principal and interest earned. Not finding a way to auto reinvest it appears I will have to buy two new tbills. The next 4 week auction is 10/24/24 and the new Tbills will issue on 10/29/24.
Do I have this correct or is there another way to continue the reinvestment?
TD will debit my bank for the new Tbills on the issue day of the new Tbill (10/29/24). Is that enough time for the matured Tbills to reach my bank if I schedule the new Tbills buys tomorrow? (10/21/24).
Thank you.
Statistics: Posted by Jim21713 — Sun Oct 20, 2024 5:50 pm — Replies 2 — Views 258