I have a CD I'd like to trade up to a better rate and I see rates are going up. Also , how do I go about acquiring a tbill? How often do they and other investment forms pay interest?
Skip CDs and buy Treasuries. You can buy Treasuries via your brokerage account or via Treasury Direct. 90-120 t-bills are paying 4+% and FOMC is meeting now so there may be another kick in rates by tomorrow. Home — TreasuryDirect
MAGA wants to drive a default on national debt. That means govt debt such as this doesn’t get paid. Yeah yeah, the orange lunatic said “selective default” but there is no mechanism for that if credit worthiness is lost. All of it is at risk. Unfortunately there wouldn’t be any real safe haven if they followed through with that.
Fortunately I think that there are enough adults in the room that the government won't default on the national debt. What does scare is that if the Republicans end up with a majority in the House as expected they are very likely to play games with the debt ceiling refusing to raise it right up until the brink once again threatening the stature of the dollar as the world's reserve currency.
I’m actually not sure there are in the GOP, although as utterly shameless as McCarthy obviously is, he’s not that stupid to not understand the consequences of a treasury default. The question is if MAGA wants a default to burn down the country and McCarthy works around it, can he still maintain his position as the leader.
If you are thinking about CDs because if the FDIC insurance coverage …… please keep in mind that the FDIC has enough assets to cover approximately 1.3% of the deposits it insures and that over 95% of those assets are investments in US Treasuries. If you are going to buy treasuries through a brokerage account, use a SIFI, systemically important financial institution, ie too big to fail.
Can we not even have a thread about where to buy T bills without the partisan histrionics? @gatorfan5220 also look into iBonds, which pay just under 7% and have a 10k limit per year per person.
Oh, goody, so we can all just continue to point and laugh at the MAGA politicians when their bold political strategy is to threaten a forced debt default.
He has a long history of not paying individuals, not paying contractors, many bankruptcy and business failures. So yes if he gets back in office and attempts “selective default” that is very relevant to buying gov bonds now.
