Subject: Re: OT: T-bills
“I think hard about what Jim said, "Only cash is cash."
Bond funds are not cash. US government MM funds and FDIC insured savings accounts are the closest things I consider as cash.”

I hear ya. FSIXX (Fidelity® Investments Money Market Treasury Only Class I) is what I use thru my self-managed Merrill account- 4.20% yield, 93.5% T-bills, 8.5% T-coupons.

Wow, sutton’s commentary and sleuthing was eye opening and revealing why WEB loves the security of old fashioned T bills!