Subject: Re: OT: T-bills
I'm curious about your choice to use T-Bills over simply earning interest on cash balance at IBRK. Looks like T-Bills earn about 0.5% more
No, you've probably read that backwards. T-bills pay about 0.5% more than deposit interest. (specifically, IB pays 0.5% less than the policy rate)
Interest at IB on USD cash balances (for Pro accounts like mine) is 3.830% at the moment.
My April T-bills have a remaining yield of about 4.30%.
I'm thinking of buying some Bank of England bills in pounds sterling. However I can't for the life of me find out the appropriate ticker at IB for short term (couponless) notes. (neither can the support person I called). Maybe IB doesn't trade them, or I've been misinformed about their existence.
Jim