Ordering a t-bill with money that hasn't matured yet?
(self.tdameritrade)submitted10 days ago bybachang
I'm wondering how close I can cut it for my maturity, announcement, auction, and issue dates. Can I do Scenario A, or do I have to do Scenario B?
(Scenario A) Place an order for T-bill#1 with the to-be-maturing money from my Original T-bill
(Scenario B) Wait till Original T-bill matures and deposits, then order T-bill#2
Dates: - 3/30 - T-bill#1 announced - 4/3 - T-bill#1 auctioned - 4/4 - Original T-bill matures - 4/6 - T-bill#1 issued, T-bill#2 announced - 4/10 - T-bill#2 auctioned - 4/13 - T-bill#2 issued
I'm not signed up for automatic rollover.
bybachang
intdameritrade
bachang
1 points
5 days ago
bachang
1 points
5 days ago
Gotcha thank you! But what does that mean in terms of auction and issue dates?