Viewing a single comment thread. View all comments

netll t1_j29zpv0 wrote

Reply to comment by DeluxeXL in Brokerage and treasury bills - How does it work? by illusion388

I am a newbie of t-bill + brokerage. So, different people purchase same t-bills at a different price?

​

If yes, any good strategy to have a slight favor?

1

DeluxeXL t1_j29zxyj wrote

> So, different people purchase same t-bills at a different price?

Yes.

> If yes, any good strategy to have a slight favor?

Be patient and set your limit, and always be prepared to not get anything at all.

2

Citryphus t1_j2aekv0 wrote

At a T-bill auction most investors enter a non-competitive bid. You are bidding for the amount of T-bills you want and agree to accept the auction price, whatever it turns out to be. Large investors and institutions enter competitive bids, indicating the rate/yield that they will accept. Those competitive bids help determine the outcome of the auction and the rate/yield you receive.

2