Does the 3 month U.S. T-bond (futures?) pay interest? Or settle back at the opening price on completion?
I believe I made the mistake of thinking it was a regular T-bond product, therefore yield bearing at completion and nominal purchase sum returned. i.e. currently 4+% pa.
Thanks.
3 month U.S. T-bond yield question.
in Investments, share dealing, and Smart Portfolios
Posted · Edited by InterzoneB
Wrong title
Does the 3 month U.S. T-bond (futures?) pay interest? Or settle back at the opening price on completion?
I believe I made the mistake of thinking it was a regular T-bond product, therefore yield bearing at completion and nominal purchase sum returned. i.e. currently 4+% pa.
Thanks.