Fidelity - SHV BIL or TBILL ladder (auto roll)

Discussion of the Cash portion of the Permanent Portfolio

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jhogue
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Re: Fidelity - SHV BIL or TBILL ladder (auto roll)

Post by jhogue » Fri Mar 13, 2020 9:54 pm

There are unresolved issues with the liquidity of the bond market, the extent of which are not entirely clear.

See:

Neil Irwin's article in the New York Times, "Something Weird Is Happening on Wall Street, and Not Just the Stock Sell-Off," March 12,2020.

and

Sonny Oh, "These are the 'highly unusual disruptions in the U.S. bond market that force the Fed to ramp up support to Wall Street," market watch.com, March 12, 2020.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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