Search found 8055 matches

by Doc
Sat Apr 21, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Yesterday I purchased 40 quantity of 3-year CD (Wells Fargo Bk N A Sioux Falls S D CUSIP: 949763FW1) at Vanguard ($2 commission) @97.898 and yield (to maturity and worst) was 2.928 after commission. Coupon rate is 2.250. Do you think this is a good deal? Thanks. Guys I don't get it. The three year ...
by Doc
Sat Apr 21, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Yesterday I purchased 40 quantity of 3-year CD (Wells Fargo Bk N A Sioux Falls S D CUSIP: 949763FW1) at Vanguard ($2 commission) @97.898 and yield (to maturity and worst) was 2.928 after commission. Coupon rate is 2.250. Do you think this is a good deal? Thanks. Guys I don't get it. The three year ...
by Doc
Sat Apr 21, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

grayfox wrote:
Sat Apr 21, 2018 9:37 am
VMMXX is now up to 1.79%. It keeps edging up. We'll be at 2% in no time.
18 June 2018 :D

http://www.cmegroup.com/trading/interes ... -fomc.html
by Doc
Sat Apr 21, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Another Morningstar article on the active/index bond question. Our Favorite Core Passive Bond Funds and ETFs Karen Wallace is a senior editor with Morningstar.com For many years, our fund flows showed that fixed income was one area where many investors preferred active management. Owing to the Fed's...
by Doc
Fri Apr 20, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Something is very different at the Pimco fund...as it is -46.7 % cash, and 144.6 bonds... making me think there is something complicated going on in that fund that is not fully understandable by me as the individual investor. Options, or ? Mornigstar also has no "rating" for the quality of the bond...
by Doc
Fri Apr 20, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

My overall point: the "correct" way to think about Sharpe's theorem is to apply it to whatever index your index fund tracks. If "active" and "passive" management styles are defined in sensible ways, it must be the case that (1) before costs, the return on the average actively managed dollar will eq...
by Doc
Fri Apr 20, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

I track 15 Vanguard bond funds at Morningstar. ... According to Doc's chart, VFSTX has tanked over the last year. I'm curious as to why this has occurred. DMW Looking at the 15 year data Vg bond funds look good. Lately nor so much. (Sorted on 3 year returns. Look at the 15 year column to see Dead M...
by Doc
Fri Apr 20, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Pimco and other actively managed funds that outperformed "comparable" Vanguard funds likely took on more risk to do so. How do you come up with this result? PTTRX: Market Value % US Government Related9 51.90 Mortgage 58.88 Invest. Grade Credit 15.79 High Yield Credit 2.82 Non-USD Developed -20.29 E...
by Doc
Fri Apr 20, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

After responding to triceratop I opened my email and found a link to this: 5 Common Misconceptions About Index Funds by Christine Benz (Morningstar) It's also worth noting that the index structure confers no particular advantage unto bond index mutual funds , whether traditional index funds or ETFs,...
by Doc
Fri Apr 20, 2018 6:34 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

(aside: Do Vanguard's benchmarks for its active funds change? I don't think so (and it appears their active funds are lagging). ) No they are not. See chart above. Given that I'm capturing the index return, why do I care about Morningstar category averages? Because you could get better returns by c...
by Doc
Thu Apr 19, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Is Morningstar required to make the category average average correspond to the Vanguard index benchmark? (No.) That's the ballgame. Agreed. But is Vanguard required to make the Vanguard index benchmark correspond to the category average? (No) That's another game. What surprised me was that so many ...
by Doc
Thu Apr 19, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Just to throw another monkey wrench into the works. I ran the same all funds screen for Fidelity. Your Screen Summary: (Fund Category = Taxable Bond) and (Distinct Portfolio Only = Yes) and (Fund Name like Fidelity) The Fidelity funds (without looking at index or active) outperformed their category ...
by Doc
Thu Apr 19, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Doc, would you please state exactly what point you are trying to make? I'm a bit confused. Significantly more than half of Vanguard bond mutual funds return less than the average return of their respective categories. When comparing bond Vanguard funds to their respective category average, active f...
by Doc
Thu Apr 19, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

What is this trying to show? The rolling return chart is an illustration that the active fund exceeded the return of the passive fund for every three year period for the last ten or so years. It doesn't say anything about the credit quality or duration of the funds over that period and what differe...
by Doc
Thu Apr 19, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

I secure messaged (I wanted to have an electronic record) both Schwab and Vanguard about when will my account be credited when a treasury note/bond matures. Vanguard says T+0, Schwab says T+1 where T is the maturity date. Go figure. I had an "incident" about this several years ago. The money from t...
by Doc
Thu Apr 19, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Intermediate Corporate Active & Index - three year rolling return to look at the recency question. [url=https://postimages.org/] https://s9.postimg.cc/vrtbojrcf/Capture.gif [/url Recency does not appear to be the answer. Sorry lack_ey. Duration detracted in trailing 3 years, but was additive in trai...
by Doc
Thu Apr 19, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

I was not trying to make any index/active point here at all. I had a list of bond funds that I own, have owned in the past or had some interest in. I was "shocked" at how poorly the Vanguard funds did with respect to their category aververage. Redid the screen: Your Screen Summary: (Fund Category = ...
by Doc
Thu Apr 19, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

You've highlighted basically zero (maybe one?) of the functionally active Vanguard bond funds. The Vanguard bond index funds and most of those nominally active funds have returns driven by fairly consistent beta exposures over time to term and credit risks. The fund categories are not matched to th...
by Doc
Thu Apr 19, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

Re: How good are Vanguard bond funds?

Are you reading this correctly? I am just wondering - just in Bogle's books - percentile comparisons (for example TSM) outpaces 77% of large cap blend funds - I would expect it to be in the 77 percentile. I take what you are saying backwards - that many of VG's bond funds are outpacing their compet...
by Doc
Thu Apr 19, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4228

How good are Vanguard bond funds?

Most of our bond funds are Vanguard funds. But they may not be as good as I thought they were. Look at all the Vanguard funds with category ranking less than 50%. https://s9.postimg.cc/z8hlmcz4v/Capture.gif And the often shunned Pimco managed active funds are both in the top third. What's going on h...
by Doc
Thu Apr 19, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Goof? Prime MM, "retail," "Admiral," $5 million minimum?
Replies: 20
Views: 2562

Re: Goof? Prime MM, "retail," "Admiral," $5 million minimum?

Remember that the minimums are often waived when the fund is offered in a big 401(k). Example: I can purchase shares in VBIPX in my 401(k). Even if I took the coin jar to the bank I couldn't meet the $100,000,000 minimum investment. Employees likely collectively do, as there's north of $15 billion ...
by Doc
Thu Apr 19, 2018 6:45 am
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6047

Re: vanguard notice - retiring our old investment platform

This "new platform" business never made any sense for the customer's point of view. They said "nothing will change": if it is true, then why should I bother ? If it is not true, I'm perfectly happy as things are, then why should I bother. If you have only VG mutual funds there is no operational adv...
by Doc
Thu Apr 19, 2018 6:37 am
Forum: Investing - Theory, News & General
Topic: Goof? Prime MM, "retail," "Admiral," $5 million minimum?
Replies: 20
Views: 2562

Re: Goof? Prime MM, "retail," "Admiral," $5 million minimum?

The summary propectus Dec 22 2017 has $5 million.
by Doc
Wed Apr 18, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Short-Term Investment Options for a Rising-Rate, Volatile-Market Environment
Replies: 4
Views: 446

Re: Short-Term Investment Options for a Rising-Rate, Volatile-Market Environment

Schwab article for those that may have a need: https://www.schwab.com/resource-center/ ... nvironment. Hey, third reference to this article today. Two here and one in my inbox. What to do now? Make sure your short-term investments are actually rewarding you with higher income payments—and if you’re...
by Doc
Wed Apr 18, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

I bought it at Vanguard. I paid $0.16 per thousand more than I would have at Schwab. (I didn't check Fidelity.) I don't care about auto roll because as a rule I don't hold Treasuries to maturity except for T-bills. That's interesting. I am curious. Can you disclose your strategy? Do you buy at 2-ye...
by Doc
Tue Apr 17, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: N.Y. Attorney General Forces Vanguard, BlackRock, Others To Disclose Active Share
Replies: 5
Views: 1059

Re: N.Y. Attorney General Forces Vanguard, BlackRock, Others To Disclose Active Share

Here's another article from Morningstar:

"Active Share Can Be Useful, But It’s Not a Silver Bullet" Jeffrey Ptak, CFA, is head of global manager research for Morningstar.

http://www.morningstar.com/articles/859 ... er-bu.html
by Doc
Tue Apr 17, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?!
Replies: 36
Views: 2152

Re: NAESX - is not really Small Cap?!

For reference, here's how the capitalization breakpoints compare for different index providers: http://www.crsp.com/files/cap_comparison.png Source Very interesting but somewhat different from Morningstar. I think the charts and the text in the link infer that all four of these methods depend on th...
by Doc
Tue Apr 17, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?!
Replies: 36
Views: 2152

Re: NAESX - is not really Small Cap?!

Yes, this is what you find. Small-Cap mutual funds and indexes often contain a lot of Mid-Caps. Here's Morningstar's style box for a Dow Jones US Total Stock Market (formerly Wilshire 5000) index fund: https://s9.postimg.cc/j0hwqab73/TSM_Capture.png So if a fund had 51% small cap and 49% mid cap it...
by Doc
Tue Apr 17, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?!
Replies: 36
Views: 2152

Re: NAESX - is not really Small Cap?!

FWIW VTMSX, Vanguard Tax Managed, tends to be a little more "growthy" than the others being discussed. Probably because tax managed would tend to avoid dividend paying funds. Tax-Managed Small-Cap doesn't do this; you can check that its portfolio statatistics are essentially the same as those of VI...
by Doc
Tue Apr 17, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3012

Re: Larry Swedroe: Don’t Exclude Emerging Markets

The three star screen eliminates VSS, which is mid to small blend. It's pretty cheap, though. And obviously Total International has a chunk of emerging markets. That's the way I allocate it, anyhow. Exactly, I wouldn't buy a fund that has been in the bottom 40% of its category on a risk adjusted re...
by Doc
Mon Apr 16, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Here are the quotes for a specific treasury note (912828X21) on 4/16/18 at around 10am. 912828X21 US Treasury 1.5% 04/15 /2020 Index fan, do you have a backdoor into my computer? I bought 9128284C1 US Treasury 2.25% 03/31 /2020 just last week. :D LOL. We are all looking at the 2-years so it has to ...
by Doc
Mon Apr 16, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

indexfundfan wrote:
Mon Apr 16, 2018 9:18 am
Here are the quotes for a specific treasury note (912828X21) on 4/16/18 at around 10am.
912828X21 US Treasury 1.5% 04/15/2020

Index fan, do you have a backdoor into my computer?

I bought

9128284C1 US Treasury 2.25% 03/31/2020

just last week. :D
by Doc
Mon Apr 16, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3012

Re: Larry Swedroe: Don’t Exclude Emerging Markets

I believe I have read in the past that International Small Value May be an even better diversifier than EM because ISV is more dependent on each local economy. Agreed but how can you buy it? Morningstar Premium fund Screener criteria: (Fund Category = Foreign Small/Mid Value) and (Morningstar Ratin...
by Doc
Mon Apr 16, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?!
Replies: 36
Views: 2152

Re: NAESX - is not really Small Cap?!

nisiprius wrote:
Mon Apr 16, 2018 7:08 am
All asset class categories are kind of fuzzy, and you need to be careful about all of them.
For the purpose of ensuring consistency I use Morningstar's methodology. That way you are at least comparing different funds using the same yardstick even if that yardstick is a meter long.
by Doc
Mon Apr 16, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?!
Replies: 36
Views: 2152

Re: NAESX - is not really Small Cap?!

FWIW VTMSX, Vanguard Tax Managed, tends to be a little more "growthy" than the others being discussed. Probably because tax managed would tend to avoid dividend paying funds.

Also when looking at ETF alternatives make sure you look at trading volume and premium/discount as well as e/r.
by Doc
Mon Apr 16, 2018 6:23 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

What is the 1.61% one called? "No longer available." *Schwab no longer allows new enrollments into sweep money market funds (MMFs), with the exception of international accounts, Schwab Managed Accounts, Schwab Charitable accounts, and certain existing ERISA plans. Existing accounts with sweep MMFs ...
by Doc
Sun Apr 15, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

I compared a specific treasury on Friday and Schwab's price was the best among the big 3. I will see if I can do a capture and post them tomorrow. Once you get the quantity up to 25 or 50 the difference goes to basically zero. For onesys or even tensys the difference between the "big 3" can vary. R...
by Doc
Sun Apr 15, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

What is the 1.61% one called? "No longer available." *Schwab no longer allows new enrollments into sweep money market funds (MMFs), with the exception of international accounts, Schwab Managed Accounts, Schwab Charitable accounts, and certain existing ERISA plans. Existing accounts with sweep MMFs ...
by Doc
Sun Apr 15, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

At Schwab you don't know until you see the fine print in the confirmation. That's odd. For treasuries my display of issues passing a search/filter at Schwab shows a superscript "1" for those whose best counterparty offer for a particular minimum count is for/from its own dealer inventory - at least...
by Doc
Sun Apr 15, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Am I reading it correctly online? There is no fee for newly issued CDs, bonds. There is never a fee for treasuries. Yes. No commission for new-issue CDs, and no commission for Treasuries bought at auction or on secondary market. This is true at both Vanguard and Fidelity. Kevin For Treasuries, some...
by Doc
Sat Apr 14, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index
Replies: 9
Views: 746

Re: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index

If you are asking me, the answer is I have no idea. In fact I think the discussion is pointless because public opinion does not result in legal definition nor does it determine whatever enforcement policy the IRS may or may not implement. People who are trying to implement investment decisions base...
by Doc
Sat Apr 14, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index
Replies: 9
Views: 746

Re: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index

You should probably just do a test of whether the return distributions of the two funds can be shown to be different to any degree of statistical significance. That said the scatter plots are an excellent descriptive tool for looking at the problem. I have no enthusiasm for trying to resolve the le...
by Doc
Sat Apr 14, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index
Replies: 9
Views: 746

Re: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index

Another way to look at it: Quarterly Rolling Returns: https://s9.postimg.cc/ba98m5okv/500_n_TSM_Capture.png img hosting http://quotes.morningstar.com/chart/fund/chart?t=VTSMX®ion=usa&culture=en-US&dataParams=%7B%22zoomKey%22%3A11%2C%22version%22%3A%22US%22%2C%22showNav%22%3Atrue%2C%22defaultShowN...
by Doc
Fri Apr 13, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

Any Schwab customers using their option? Schwab is in the process of moving sweep accounts to Schwab bank so I'm not sure the question is relevant. But setting up transfers to your bank, then doing a xfer of t1 funds to your bank and simultaneously writing a check on your bank should get you to the...
by Doc
Fri Apr 13, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Major fault with X-Ray Premium from Morningstar?
Replies: 7
Views: 553

Re: Major fault with X-Ray Premium from Morningstar?

perhaps, I'm just missing something. Yes. I think you are missing something if I understand your question correctly. Most of what you are looking for is on the X-ray details, on the various tabs like world regions for example. This data is for your portfolio in total. But fund specfic data is often...
by Doc
Fri Apr 13, 2018 6:31 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

I agree with your sentiment on having bank services through a brokerage firm. But, my thought process lines up with this thread in that I was considering moving my emergency fund from a high yield online money market account to a vanguard money market fund. So I would have access to check writing a...
by Doc
Thu Apr 12, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 106
Views: 14736

Re: Is it time to dump high yield savings for prime money market?

How do you open and qualify for a Vanguard Advantage Account? I can't find it on their site. https://investor.vanguard.com/investing/benefits/at-a-glance For the "advantage" thingy, login and search for Vanguard Advantage. But ask yourself why would you want to use a broker for banking services. Do...
by Doc
Thu Apr 12, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Doc. So are secondary CDs not advised? I have no familiarity with CDs of any type. See: Thanks Doc. So are secondary CDs not advised? Secondary CDs are fine and sometimes you can find even better deals compared to new issues. But what you have listed is not a "regular" CD. Regular CDs are no...
by Doc
Wed Apr 11, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Chuck wrote:
Wed Apr 11, 2018 2:22 pm
Doc wrote:
Sun Apr 08, 2018 11:28 am
I don't like the news out of DC so I'm thinking of moving some intermediate corporates to short Treasuries, JIC.
Ironic that when the government does something stupid, you give them more money!
:sharebeer
by Doc
Wed Apr 11, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 125
Views: 15916

Re: 2-year CDs at Vanguard and Fidelity Today

Please explain this CD. So I I want to invest $25000 in this CD. What will be my annual interest rate and how much do I need to pay (asking this because the Price bid is 98.699)? I don't buy CDs so Kevin is going to have to supply the assessment. But I looked at the detail and find two things that ...