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I bought a 3 month treasury bill at auction on July 30th. The price at the time was 98.7804, the discount rate was 4.825 and the investment rate was 4.966. The brokerage now lists the price at 99.39. Is this right? Shouldn't it be trading at a higher premium giving the steep drop in the yields on a three month t-bill? Does anyone know how I can independently verify this price? Anyone have a brokerage account where they see this t-bill offered in the secondary market?

Thanks in advance,

A treasury BILL, unlike a bond or note, is one that you buy at a discount and it matures at par. It does not pay a coupon, so the total return is the discount, or purchase price. It will never trade at a premium, as the holder would always realize a loss.

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