As the title states, is there any brokerages out there that gives retail investors the ability to competitively bid on Treasury new issue auctions, so that I can specify what rate I am willing to accept, instead of just getting whatever rate the auction results in?
I understand the auction process, but it would be nice to say I want 4% and nothing below that. Markets recently have been volatile in the Treasury yields. Just last week 10 Year Treasury touched 4%, and this week already fallen down to ~3.7%. Don't want to submit a non-competitive bid when the time comes, expecting a certain yield but getting like 10-20 bps below my expectations because market volatility.
Submitted October 05, 2022 at 10:14PM by eatingkiwirightnow https://ift.tt/j5UZCiN
