Quote:
Originally Posted by 7sins
I would do the complete opposite of what I say 
You do not want to buy a ETF as that does not have a maturity, it goes into perpetuity. When buying an individual 3 month treasury, you receive par back at maturity plus your yield. In an ETF, lets say short term rates move higher, that would cause the value of your ETF to decline and could be underwater in 3 months. You can buy through treasury direct or call your broker/trading desk/platform and they can purchase on your behalf. |
Thank you! After posting that, I went to the treasury direct site to see how to do it (it's not simple, at least not for me
) but E*Trade will allow me to purchase bonds on the market, so that's the approach I'll take. Even better, because then I can ladder the expirations.