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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Treasury Direct Question Date: 4/13/2006 11:45 AM
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I placed an order for the 10 year TIPS, on 4/11/06 (the day before yesterday), in my Fidelity IRA. This isn't T-Direct, but I expect that the settlement date is controlled by the Treasury. This is how the order confirmation read:

CUSIP: 912828ET3
Description: UNITED STATES TREAS NTS TIPS 2.000% 01/15/2016
Trade Date: 04/12/2006
Settlement Date: 04/17/2006
Maturity Date: 01/15/2016
The estimated value of this order cannot be calculated until after the security's price and yield have been established. Expected yield is 2.4%.

I bought 30 bonds. My account was charged $29,096.57, on 4/12. How do I calculate the yield, on these bonds?

I'm puzzled as to why the maturity date is 1/15/2016, not 4/12/2016. Did I inadvertently buy a secondary-market TIPS, although the description read like a bond that hadn't yet had an auction?

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