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Message Subject BREAKING*** 3 MONTH T-BILLS AT LOWEST RATES SINCE 1929!!!!
Poster Handle Lester
Post Content
Serious question, my grandparents, God rest their souls, began buying me a 10-year Treasury note on my birthday about 15 years ago. This lasted about 10 years.

My question is, does this insane drop in the t-bill rates effect my t-bills from 5-10 years ago? Should I cash these notes out now since the interest is going to be so low, or were my rates locked in when the t-bills were bought?

Any advice would be appreciated and you will be personally thanked.
 Quoting: Anonymous Coward 533607



NO! Your bonds will redeem at their face value with interest accrued.

NOW would be a great time to sell those bonds, as the premium they will earn for higher interest rate and prompter maturity makes them Extremely Valuable to whatever idiot is buying bonds right now.

It must be a real bitch to try an manage money when the value of it is diminishing daily in terms of quality goods available for purchase.

Of course, if you have set obligations and cannot foresee a market collapse, bonds are a safehaven.


There is nothing but insanity afoot in the financial landscape of the USA. Wonder how much cash value life insurance Northwestern Mutual Life is selling these days? Always somebody out there wants to believe in things of this world.

Good luck with your bonds.
 
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