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Notes from

  • T-bills outstanding: $6 trillion
  • Noncompetitive bids at Treasury auctions is a good proxy for individual demand
  • Average noncompetitive bid for T-bill auctions in the past year: $15 billion
  • 52-week bill is auctioned every month
  • Buffett favors three-month and six-month T-bills.
  • T-bills have reinvestment risk

Notes from

  • Excalibur GPS-guided artillery shells
  • the High Mobility Artillery Rocket System, or HIMARS
diary/2024-05/2024-05-28.txt · Last modified: 2024/05/28 19:39 by raju