Perhaps your friend is wrong? It’s pretty easy to buy at auction at fidelity. Why don’t you buy 1 4-week bill tomorrow, then on auto-roll, and report back in 4 weeksIs it a cash settlement account vs. a money market fund? Is it an IRA? What's different about my friend's account that he can't use the proceeds from a bond on its maturity date?I don't have a margin account at Fidelity or at Vanguard.Do you have margin enabled on the account?Actually, Fidelity does allow some of this. On the maturity date, the bill at par appears in the cash settlement fund. It's still pending but it's good enough to allow you to place an order for an auction or to buy the bill on the secondary market.
Statistics: Posted by muffins14 — Mon May 06, 2024 9:29 pm — Replies 40 — Views 4459