I now have 4 consecutive 4-week Treasury Bills as a ladder, so next week one will mature and I will buy another 4-week T-Bill the same day with the proceeds. I’ll keep this rotating money as my emergency fund until the rates are non-competitive. For now, I’m averaging the equivalent of a 4.5% bank APY with only slightly less liquidity.
(For the history on me building this T-Bill ladder, please read the entries in my Treasury Bills Category)
By Jonathan Ping | Treasury Bills and Bonds | 12/1/05, 5:46am