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treasury_direct_notes [2023/01/19 23:32] – [methodology related] admintreasury_direct_notes [2023/04/04 14:14] – [treasury bills vs. notes vs. bonds] admin
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-==== methodology related ====+===== qna ===== 
 +==== treasury bills vs. notes vs. bonds ==== 
 +??? What is the difference between Treasury bills, notes and bonds? 
 +!!! 
 + 
 +^ ^ Treasury Bills ^ Treasury Notes ^ Treasury Bonds ^ 
 +| term | short-term | short of medium-term | long-term | 
 +| mature in | one year or less | 2, 3, 5, 7, or 10 years | 20 or 30 years | 
 + 
 +Ref:- https://www.treasurydirect.gov/marketable-securities/understanding-pricing/ 
 + 
 +===== methodology related ===== 
 +==== high rate vs. investment rate ====
 ??? What is the difference between "high rate" and "investment rate" in https://www.treasurydirect.gov/auctions/announcements-data-results/? ??? What is the difference between "high rate" and "investment rate" in https://www.treasurydirect.gov/auctions/announcements-data-results/?
  
-!!! +!!! For bills not more than one half-year to maturity
 <code> <code>
 high_rate = ((100-P) / 100) * (360 / r) high_rate = ((100-P) / 100) * (360 / r)
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 ^ Security Term ^ CUSIP ^ Issue Date ^ Maturity Date ^ High Rate ^ Investment Rate ^ ^ Security Term ^ CUSIP ^ Issue Date ^ Maturity Date ^ High Rate ^ Investment Rate ^
-| 4-week | 912796Y60 | 01/24/2023 | 02/21/2023 | 4.480% | 4.558% |+| 4-week | [[https://www.treasurydirect.gov/auctions/auction-query/?cusip=912796Y60 | 912796Y60]] | 01/24/2023 | 02/21/2023 | 4.480% | 4.558% | 
 + 
 +Clicking on the CUSIP showed 
 + 
 +^ CUSIP ^ Security Type ^ Security Term ^ Auction Date ^ Issue Date ^ Maturity Date ^ Price per $100 ^ 
 +| 912796Y60 | Bill | 4-Week | 01/19/2023 | 01/24/2023 | 02/21/2023 | 99.651556 | 
 + 
 +<code> 
 +$ ipython 
 +Python 3.10.8 | packaged by conda-forge | (main, Nov 24 2022, 14:07:00) [MSC v.1916 64 bit (AMD64)] 
 +IPython 8.7.0 -- An enhanced Interactive Python. Type '?' for help. 
 + 
 +In [1]: 
 +P = 99.651556; r = 28; y = 365 
 + 
 +In [2]: 
 +high_rate = ((100-P) / 100) * (360 / r) 
 + 
 +In [3]: 
 +high_rate 
 +Out[3]: 
 +0.04479994285714294 
 + 
 +In [4]: 
 +round(high_rate * 100, 3) 
 +Out[4]: 
 +4.48 
 + 
 +In [5]: 
 +investment_rate = ((100-P) / P) * (y / r) 
 + 
 +In [6]: 
 +investment_rate 
 +Out[6]: 
 +0.04558098850530179 
 + 
 +In [7]: 
 +round(investment_rate * 100, 3) 
 +Out[7]: 
 +4.558 
 +</code>
  
 +===== dummy =====
 ==== Highlights from https://www.treasurydirect.gov/forms/sec009.pdf ==== ==== Highlights from https://www.treasurydirect.gov/forms/sec009.pdf ====
   *  bill, note, bond, FRN, and TIPS   *  bill, note, bond, FRN, and TIPS
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 ==== links I came across ==== ==== links I came across ====
 +  * https://www.treasurydirect.gov/auctions/how-auctions-work/ - How auctions work
   * https://www.treasurydirect.gov/forms/sec009.pdf - Investing Directly With the U.S. Treasury (FS Publication 009) is an introductory publication.   * https://www.treasurydirect.gov/forms/sec009.pdf - Investing Directly With the U.S. Treasury (FS Publication 009) is an introductory publication.
   * https://www.treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/291-300/ - User guide sections 291 through 300   * https://www.treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/291-300/ - User guide sections 291 through 300
  
treasury_direct_notes.txt · Last modified: 2023/04/04 14:14 by admin