"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.
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