Personal Finance and Investing

So the 8 week paper auctioned today has a rate of 5.346%, but in order to realize $53.46 interest on $1000 face value of these notes, you would have to reinvest at the exact same interest rate 5 more times in order to have that result. It's not likely as the rate changes all the time, so it might be higher when you reinvest or it might be lower.

You can sell them at any time however, and you may find their value has gone up during the time you hold them.


https://www.treasurydirect.gov/instit/annceresult/press/preanre/2024/R_20240801_2.pdf