No. of Recommendations: 0
"I talked to a Fidelity fixed income guy and he said that the coupon is expected to be 2 1/8(according to Bloomberg). There will be some accrued interest since the bond is dated 4/15 and the auction date is 4/25 so each bond will cost a little over $1000."

Of course, Bloomberg is guessing, but it certainly doesn't hurt to have a little extra in the account. I know the money didn't get taken from my account for last week's auction until the issue date (Monday this week), by which time I knew the exact price, but I was using T-Direct, and I believe someone else, who used Fidelity, had the money taken out on the auction day.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.