Search found 8135 matches

by Doc
Sat May 26, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 13
Views: 1348

Re: Three fund portfolio - Which bond fund?

Elbowman wrote:
Sat May 26, 2018 1:42 pm
I think you need to plot those two bond funds on the same chart as TSM and then see if the difference is big enough to care.
I did that but the bond funds/ETFs were so overwhelmed by the TSM line that they were basically indistinguishable.
by Doc
Sat May 26, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 13
Views: 1348

Re: Three fund portfolio - Which bond fund?

Doc: Which are you referring to: "Bloomberg Intermediate Government Credit Index Fund" or "iShares Intermediate Government/Credit Bond ETF?" I want to be sure before answering your question. Best wishes. Taylor "Bloomberg Intermediate Government Credit Index" is a 1-10 Government Index . I don't th...
by Doc
Sat May 26, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 72
Views: 5050

Re: US T bills - first time user

But wouldn't lower liquidity result in higher yields instead of lower yields? It could go either way. If you want to buy US Treasury 6.75% 08/15/2026 which has a dated date of 8/15/96 and there are very few available because they are all held by insurance companies to meet 30 year obligations when ...
by Doc
Sat May 26, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 72
Views: 5050

Re: US T bills - first time user

For the most part, it does--particularly the big dips for high coupon bonds. I've done the pulls when market is open, and see the same big dips for high coupon bonds. Are you able to see a distinction between a duration effect and a liquidity effect? I'm thinking that high coupon might mean a bond ...
by Doc
Sat May 26, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 72
Views: 5050

Re: US T bills - first time user

Kevin M wrote:
Sat May 26, 2018 12:20 pm
Here is a chart of ask yields for bonds maturing in 3-5 years, just pulled from Fidelity.
Looking at this type of detail during non-market hours is questionable. See if it holds up on Monday.
by Doc
Sat May 26, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 13
Views: 1348

Re: Three fund portfolio - Which bond fund?

Taylor Larimore wrote:
Sat May 26, 2018 12:12 pm
I could not find the "Bloomberg Intermediate Government Credit Index Fund. GVI is the ticker for: iShares Intermediate Government/Credit Bond ETF?
You are correct but I don't see any reason to make a distinction between a "fund" and an ETF for the current purpose.
by Doc
Sat May 26, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 13
Views: 1348

Three fund portfolio - Which bond fund?

When we talk about the three fund portfolio most of us think the Bloomberg Barclays Aggregate Bond Index (TBTLX). But how about avoiding long bonds and securitized obligations like the mortgage backed securities that caused all the trouble in '08 by using the Bloomberg Intermediate Government Credit...
by Doc
Thu May 24, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 72
Views: 5050

Re: US T bills - first time user

What I don't know, but I'm sure can be found out with an ounce of cleverness and the search engine at treasurydirect, is whether the 54.11% cited above includes the non-competitive bids filled as well as the partially filled competitive bids-at-highest-accepted-yield. The volume of non-competitive ...
by Doc
Sun May 20, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: Bond Yields and Federal Funds Rate
Replies: 30
Views: 2451

Re: Bond Yields and Federal Funds Rate

We often see comments like, "The Fed is going to raise interest rates, so bond yields will increase and bond values will fall". This represents a a misunderstanding of the relationship between the federal funds rate (FFR) and bond yields. We can see that if we carefully inspect a chart of the targe...
by Doc
Sat May 19, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: Dividend / no dividend index funds?
Replies: 30
Views: 2455

Re: Dividend / no dividend index funds?

drk wrote:
Sat May 19, 2018 4:44 pm
It won't be perfect, but you could try Vanguard small/mid/large growth funds in taxable and their value complements in tax-advantaged.
That's an idea worth considering
by Doc
Sat May 19, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28163

Re: 2-year CDs at Vanguard and Fidelity Today

The agency bonds are rated AA+ because that is the rating of the US Government. So, same rating as Treasuries. Hmmnn. United States federal government credit-rating downgrades The 2011 S&P downgrade was the first time the government was given a rating below AAA. S&P had announced a negative outlook...
by Doc
Sat May 19, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Bond Yields and Federal Funds Rate
Replies: 30
Views: 2451

Re: Bond Yields and Federal Funds Rate

Spread of the ten and the FFR

Image
by Doc
Sat May 19, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Dividend / no dividend index funds?
Replies: 30
Views: 2455

Re: Dividend / no dividend index funds?

Do any funds like this exist? I for one would love to use them, assuming expenses are low. You could try using Vanguard's "Chose your mutual funds" screen at https://investor.vanguard.com/mutual-funds/list#/mutual-funds/asset-class/month-end-returns and near the bottom of the "filter" put a check i...
by Doc
Fri May 18, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 26
Views: 3140

Re: more rotten service from Vanguard [ACH transfer, fund availability]

Re: ACH transfers If you initiate an ACH transfer with a pull from your bank to your VBS account the money is available to trade immediately but not wthdrawl from the account. If you push the transfer from your bank to VBS it may take several days. The time it takes to push from VBS may vary based o...
by Doc
Wed May 16, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: Morningstar - Changes at Vanguard, but Our Confidence Remains
Replies: 4
Views: 1034

Re: Morningstar - Changes at Vanguard, but Our Confidence Remains

It implies the departure was unplanned. I don't think it tells me anything about their depth. It's not unreasonable to take a bit of time to decide whom to hire or promote. OK. Unplanned departure - agreed. I'm comparing the situation with the Gross departure from Pimco where the fund management wa...
by Doc
Wed May 16, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Morningstar - Changes at Vanguard, but Our Confidence Remains
Replies: 4
Views: 1034

Re: Morningstar - Changes at Vanguard, but Our Confidence Remains

The thing that bothers me most was "The search is still on. Vanguard is looking to hire a portfolio manager to lead their corporate bond desk." That tells me that Vanguard doesn't have any depth in the fund's manager team unlike Pimco's PTTRX where other managers already on the team stepped up to th...
by Doc
Wed May 16, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5067

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Kevin M wrote:
Wed May 16, 2018 10:54 am
Really? 5-year CMT for yesterday was 2.92%, and right now I see 2.929/2.922 (bid/ask) for the 1.75% note maturing 5/15/2023.
I read it off the chart wrong. My bad.
by Doc
Wed May 16, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8659

Re: Yield Curves-Treasury, CD, AA/AAA muni

Be aware of the possible delay you have if you want to sell a Treasury held at Treasury direct. To sell a Treasury note held in TreasuryDirect or Legacy Treasury Direct, first transfer the note to a bank, broker, or dealer, then ask the bank, broker, or dealer to sell it for you. https://www.treasur...
by Doc
Wed May 16, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5067

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

At 2:20 PM yesterday the yield on the five Treasury was 3.3% about 2.9%. My error thanks Kevin.

No hassles with what organization you belong to, how old you are, how long it takes to transfer money, and no state tax if in a taxable account. :D

Edited to correct error.
by Doc
Mon May 14, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

I'm short of time so I'm going to piecemeal my thoughts. The most recently auctioned 5-year note is CUSIP 9128284L1 maturing 4/30/2023 with coupon 2.75%. The bid yield for this bond is 2.843% (price 99.47), so equal to the CMT data when rounded to two decimal places. In my modeling I would assume a ...
by Doc
Sun May 13, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

… ... Re Roll Yield: Kevin: “But since you bring it up, it's kind of ironic that the paper you reference is pretty much in line with the way I explain it” That’s what I tried to say – it’s semantics. Kevin: Since a zero-coupon bond has no income component, only a capital return component, I think i...
by Doc
Sat May 12, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

Doc is factoring in what he calls roll yield assuming a static yield curve. If we assume bonds bought at par (100), we can break out income return and capital return, with the income return being equal to the coupon rates (yield = coupon rate at price = 100)--again, assuming static yield curve. Kev...
by Doc
Fri May 11, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

My actual claim is this: when a direct CD with EWP has a positive yield spread to a treasury of equivalent maturity, as is not infrequently the case, it is a win for an investor . One may or may not beat inflation but it is not as if one could do better per unit of pure term risk. It's not that sim...
by Doc
Thu May 10, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

But isn't it the case that even if the bond fund NAV falls, you only lose money if you sell, right? If you are holding long term, you get your expected interest rate and no harm, right? You will get your expected return if "long term" equals the fund's duration. If they are not equal all bets are o...
by Doc
Thu May 10, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 1675

Re: Any issues with upgrading Vanguard taxable account to brokerage?

It is interesting/strange/puzzling that an "upgrade" results in the loss of functionality. I would think that an improvement in function would be more appropriate. If you previously had both a mutual fund account and a brokerage account the sweep account was only in the mutual fund account and an e...
by Doc
Thu May 10, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

I am going to be meeting with my Schwab rep (not paid advisor), on fixed income.He is suggesting laddered short term bonds,since if held to maturity there is no loss of nominal principal. However from what I have read on this site, if you have a short term bond fund of same average duration and hol...
by Doc
Thu May 10, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10603

Re: Total Bond - SEC yield breaks 3%

Agreed. I would also point out that the article's noting that a large RIA firm buys enough volume only to pay 2-4 bp transaction cost on average for bond/CD purchases is a red herring in that individual investors only get to participate in these wholesale purchases because they are paying an asset-...
by Doc
Wed May 09, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Least Tax Efficient / Highest TR Fixed income in a 401k
Replies: 7
Views: 433

Re: Least Tax Efficient / Highest TR Fixed income in a 401k

Anyway, if anyone has thoughts on funds other than the Pimco Total Return and Harbor Bond Fund (both of which I'll be evaluating), they'd be welcome. Morningstar Screen Your Screen Summary: (Fund Category = Long-Term Bond) and (Distinct Portfolio Only = Yes) and (Morningstar Rating >= Three Stars) ...
by Doc
Wed May 09, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Least Tax Efficient / Highest TR Fixed income in a 401k
Replies: 7
Views: 433

Re: Least Tax Efficient / Highest TR Fixed income in a 401k

A quick Google search got this from the federal Reserve Bank of San Francisco

"What We Do and Don’t Know about the Term Premium"
https://www.frbsf.org/economic-research ... m-premium/
by Doc
Tue May 08, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Least Tax Efficient / Highest TR Fixed income in a 401k
Replies: 7
Views: 433

Re: Least Tax Efficient / Highest TR Fixed income in a 401k

As to duration, I'm thinking that I ought to be in longer-term, eating some interest-rate risk to better match my investments with my 20-30 year time horizon. You take on a lot of risk with not very much extra return when you go out that far. If you want to do it consider TIPS. Grok has multiple on...
by Doc
Tue May 08, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?
Replies: 26
Views: 2635

Re: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?

Fair enough. I prefer tea / Yerba Maté anyway which is much cheaper than starbucks. It allows me more discretionary funds for that avocado toast. Figures. It's sort of like Emerging Markets. In the U.S., yerba mate is widely available in health food stores and online. Proponents of yerba mate say t...
by Doc
Tue May 08, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?
Replies: 26
Views: 2635

Re: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?

The OP was a correction of one of the popular narratives against EM. My point was only that for myself and perhaps many others the little extra return from EM is not worth the agro. If you are only mid-20's you probably don't worry too much about ulcers and that little bitty teeny weeny bit of extr...
by Doc
Tue May 08, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: Least Tax Efficient / Highest TR Fixed income in a 401k
Replies: 7
Views: 433

Re: Least Tax Efficient / Highest TR Fixed income in a 401k

I want my 401k to hold the least tax efficient sectors of the fixed income market: no munis, treasuries, or short/medium term instruments. In an ideal world, BND would be split into two sub-funds: one tilted towards taxable (holding the above segments), and the other for tax-deferred (holding every...
by Doc
Tue May 08, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?
Replies: 26
Views: 2635

Re: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?

I mean, some of us hold 100% stocks. Also, the market weight of US/foreign is closer to 50/50. That makes the outperformance 1%. Over many years that’s a lot. I think it's more realistic to expect maybe 2.5% outperformance. For a global equities portfolio that is still 25bps outperformance. I would...
by Doc
Tue May 08, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?
Replies: 26
Views: 2635

Re: Avoid Emerging Markets due to stricter securities regulation in Developed Markets? Lessons from SZSE..Maybe not?

Why worry about it?

AA 50/50
Domestic/Foreign 75/25
EM 20% of foreign
EM outperformance 10% (very WAG)

Amount to gain = 0.5*0.25*0.2*0.1= 0.0025

If EM outperforms by 10% (OMG) it's worth 25 bps. I think I'll stay with developed and sleep better.
by Doc
Mon May 07, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28163

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin- Fidelity question for you, I used to like to use the Fidelity graphics function for CD's and bonds to pick out the best. Looks like we can only get the tabular data now. no more plots vs. maturity date? I don't recall seeing that at Fidelity, but yeah, now all I see in the search results is ...
by Doc
Mon May 07, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16958

Re: What Percentage CASH are you?

When I retired in early 2007 at age 59, my wife/me held ~20% of our portfolio in cash. That represented 4 years in budgeted expenses (included taxes due on withdrawals). Good thing we did, considering what happened in 2008-09 . I don't understand your reasoning. It is a good thing to hold cash rath...
by Doc
Sun May 06, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16958

Re: What Percentage CASH are you?

Toons wrote:
Thu Aug 10, 2017 2:44 pm
.01481 % :happy
I was happy too until you beat me.

.0212% :(

We have more "cold" cash on hand than we have in all of our investment accounts combined.
by Doc
Sun May 06, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: Too much overlap: VTSAX, VIMAX, VSMAX
Replies: 9
Views: 1127

Re: Too much overlap: VTSAX, VIMAX, VSMAX

The chart of VSMAX (small cap) and VSIAX (small cap value) look very close. Hmmn? https://s9.postimg.cc/lqsaowk4f/SB_vs_SV_Capture.gif http://quotes.morningstar.com/chart/fund/chart?t=VSMAX®ion=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A11%2C%22version%22%3A%22US%22%2C%22showNav%22%3Atrue%2...
by Doc
Fri May 04, 2018 6:55 am
Forum: Investing - Theory, News & General
Topic: Morningstar--Manager Exit Triggers Downgrade At Giant Vanguard Fund(Vanguard Short-Term Investment Grade )
Replies: 10
Views: 1469

Re: Morningstar--Manager Exit Triggers Downgrade At Giant Vanguard Fund(Vanguard Short-Term Investment Grade )

It seems they have a policy of downgrading when the manager leaves. I think the policy is that they put the fund under review. Both this fund and its midcap sibling were put under review and downgraded just recently. Part of the problem with the Gross departure was not the new managers (most of the...
by Doc
Thu May 03, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Question : Tax on reissued TIPS sold at discount.
Replies: 4
Views: 273

Re: Question : Tax on reissued TIPS sold at discount.

You mention how Schwab mess up the 1099-B cost basis. I've been looking at Schwab's 1099-B's. They are messed up but erratic. Sometimes they have the cost basis corrected for OID and sometimes not. But the gain/loss is OK. :o I often don't buy at auction and almost always sell before maturity so th...
by Doc
Thu May 03, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: Question : Tax on reissued TIPS sold at discount.
Replies: 4
Views: 273

Re: Question : Tax on reissued TIPS sold at discount.

A taxpayer who purchases a note at a discount as an investment might therefore assume that any gain realized will qualify for capital gain treatment if the note is held until maturity and paid off or sold for a profit. Prior to 1984, this assumption would have been correct. However, Congress reason...
by Doc
Wed May 02, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

Wow, that's wild. Now I see what you're saying about Schwab enticing smaller investors with the best deals. I might have to think about re-opening a Schwab account--did a bunch of bond stuff with them around 2005-2006, but then transferred everything to Vanguard to buy funds. Figure your cost savin...
by Doc
Wed May 02, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

Is it basically that the price (yield) on Notes that are about 6 months from maturity are going to track close to the rate on new issue T bills? (or vice versa) Yes, the yields will be essentially identical for very short maturities like what we are discussing. The difference is going to be on accr...
by Doc
Wed May 02, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

I'm new to T bills. I bank at Schwab so it just a few minutes to enter the buy order and transfer cash from checking to brokerage, in chunks of $1,000. Once the order completes I transfer the leftover cash (profit!) back to checking. Too bad they couldn't just pull the funds from checking to cover ...
by Doc
Wed May 02, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

jacoavlu wrote:
Wed May 02, 2018 11:09 am
^^^

I see exactly the same at Schwab, and I've never bought a bond on the secondary market ever
I hardly ever, ever buy at the auction. It's a PITA not knowing how much money you need for several days. And then forgetting to make sure it's there in time.
by Doc
Wed May 02, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

time 0905 pdt, seeing 10: 2.032 400: 2.026 100: 2.005 25: 1.972 1: 1.963 Sorry, I was editing a prior post while your post was up so these are a few minutes staler than would have been ideal. 12:09 E https://s9.postimg.cc/6d0ejas2n/Bond_Spreads_Capture.gif The best price is for a 10 minimum. Quotes...
by Doc
Wed May 02, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5072

Re: 6 month T-bills are at 1.99%

Right now I see three Treasury notes maturing on 10/31/2018 at Fidelity, so these are closest to 6-month maturity. High yield is 2.013%, but this is for minimum quantity of 400 ($400K face value). For following minimum quantities, I see these yields: 25: 1.960% 01: 1.952% There are no minimum quant...
by Doc
Tue May 01, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8659

Re: Yield Curves-Treasury, CD, AA/AAA muni

I'm sure the negative "spikes" in your curve are a duration consideration perhaps coupled with low volume for aged bonds. (Same thing?) You did allude to this factor in a way, Allude to? I think I stated it explicitly. I looked at a couple, and they were for bonds with like 9% coupons. I'll just pi...
by Doc
Tue May 01, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8659

Re: Yield Curves-Treasury, CD, AA/AAA muni

I hadn't posted Treasury yield curves based on actual quotes because the quotes are for large minimum quantities, like 100-400, and to get quotes for smaller quantities at Fidelity, you must look at depth of book for each security. You may being overly cautious with your quantities. Perhaps it's a ...