Spencer Li

How to Buy US T-Bills (USD) on Interactive Brokers (IBKR)

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Recently, many people have been asking me how to buy US T-Bills (USD), since the yields are currently above 4.5%, so I have put together this simple guide.

I am using Interactive Brokers to make the transactions, so if you do not have an account, the first step is to open an Interactive Brokers account.

 

Once you have an account, log into the “Trader Workstation”, which is a software you can download for free.

When setting up for account, you also need to make sure you have activated permissions to trade bonds. You can do so by indicating the maximum experience for bonds.

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Select “New Window” > “Scanners” > “Bond Scanner” to open the page for bonds.

 

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Next, select “US Treasuries” and check the box which says “T-Bills” on the right side. Click the “Search” button at the top to filter.

You will see all the T-Bills available. The maturity date is the date which the T-bill expires.

If you want 3 months, then it will be roughly today’s date + 3 months (13 Jan 2023).
If you want 6 months, then it will be roughly today’s date + 6 months (13 Apr 2023).

 

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Click on the one which you want to buy, and come to the trading screen.

For this example, I picked the Apr06’23 which is about 6 months. You can see that the yield is 4.073% at the current price.

The way it works is that you buy it at $98.08466, and over time the price will increase as it nears maturity date (in 6 months).

Upon maturity, it will become $100, and it will be liquidated at that price.

You can also sell it before it reaches maturity.

 

Give its short duration, T-Bills do not fluctuate much in price, so in a sense it is almost as stable as holding cash, because it can easily be liquidated any time.

However, compared to cash, you can now get a 4.5% return on these “spare cash”, while waiting to deploy it in the stock market.

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Spencer Li

Weekly Market Wrap: All Quiet on the Western Front…

Cappadocia Turkey

Last week, the markets were pretty quiet, after the sharp rebound in the previous weeks.

It seems like the rebound has run out of steam, and there is no major news to influence the direction of the market either way.

The direction might only be clearer after the next major news announcement (NFP, CPI, FOMC), so it is best not to take any large bets in the meantime.

That said, on the forex and crypto front, there were many good swing trading opportunities.

There is a good chance that price might break out next week, so I have placed price triggers to alert me (and all my subscribers) the moment any breakout happens.

Stay tuned in our Daily Trading Signals private Telegram channel!

 

Cappadocia Turkey

[Photo: Cappadocia, Turkey – See my full travel photo log!]

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

  • Forex, CFDs, commodities, bonds
  • US stocks, ETFs, global stock indices
  • Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for? Trading Signals Commodity 050322 emoji

 

Weekly Market Outlook Video

Trading Signals weekly market ooutlook vdeo 221122

Weekly Market Outlook (20 November 2022)

Best trades this week are shorting crypto and going long on USD rebound.

Stocks have been flat almost 2 weeks, so I have placed price alerts for when it breaks out of either side.

 

Portfolio Highlights

Trading Signals portfolio updates 221122

Weekly Portfolio Updates (20 November 2022)

Bought some long-term fixed income (TLT), and more short-term fixed income (T-bills).

 

Forex & Commodities Market Highlights

Trading Signals EURCAD 241122

Following up on EURCAD, there was a perfect long pullback opportunity as we mentioned, and prices have started heading up.

Will continue to add longs on any pullback, or pullbacks on a smaller timeframe.

 

Trading Signals NZDUSD 241122

Very strong price action for NZDUSD, after breaking out of the bearish price channel.

If it can break and stay above the 200-EMA, good chances of prices making new highs.

 

Trading Signals USDJPY 241122

With the USD weakening, we see a nice bear flag forming on the USDJPY, which will likely take prices lower to the next major support level, which coincides with the 200-EMA.

 

Trading Signals XAUUSD 231122

Gold (XAUUSD) rebounding off strong support, with 2 major resistance levels ahead that can serve as targets.

 

Stock & Bond Market Highlights

Trading Signals US100 241122

Following up on the NASDAQ 100 (US100), it is forming a small bull flag.

Currently, the price action looks bullish, so I would either stay out or take a short-term long position.

If it breaks below the price alert set at 11500, then I will look to short.

Trading Signals goldman 221122

Trading Signals SP 500 221122

S&P500: Morgan Stanley YE 2023 Price Targets

Trading Signals inflation news 251122

Once inflation breaks above 8%, they find, “reverting to 3% usually takes 6 to 20 years, with a median of over 10 years.”

Only 30% of the time in the past 52 years has inflation peaked between 8% and 10% and then gone back down. In the other 70% of the time, once it’s made it over 8% it had risen above 10%.

https://www.marketwatch.com/story/history-says-inflation-could-persist-for-a-decade-11668642697

 

Good luck, and may next week bring more excellent profits!

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Spencer Li

SkillsFuture Stocks Investing & Forex Trading Course

Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture Credit-Eligible Course, participants could use their SkillsFuture credits to pay for the course instead of cash.

Thanks for the support! ?

During the 9 hours of training, participants learnt portfolio strategies to build and protect their wealth, as well as trading skills like market-timing, chart-reading and risk management to improve their trading results.

Here is some of the feedback and learning points from participants, after our hands-on market analysis session to find trading opportunities in the market.

If you are keen to learn more using your SkillsFuture credits, you can check out our courses:

P.S. To ensure optimal learning, we have capped the maximum class size.

Register early to avoid disappointment!

skillsfuture feedback 221122 1 skillsfuture feedback 221122 2

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