Does Anyone Know How to Buy U.S. Treasuries?

Some of the short term stuff is attractive and MUCH better than what my personal bank is paying. 1-year duration paying 4.5%, risk-free? Below inflation sure, but still [relatively] decent. Online banks are paying 2%, but don't feel like going through the motions of opening an account. Plus, it would be a new experience to learn about the purchasing process for U.S. securities.  

Does anyone know how to go about purchasing based on current yields? Open to alternatives on risk-adjusted basis. 

2 Comments
 
Most Helpful

You buy them directly from the government, check out Treasury Direct. You can even buy savings bonds with your IRS refund. I'd keep a close eye on the Fed Funds rate as it is set manually by the fed and has a powerful effect on yields, currency value, equity, and the entire global economy.

Keep in mind that actual bond prices in the futures market are inverse to yields, as higher yields means lower valuation for older bonds. That is why bond futures are plummeting right now while yields are skyrocketing, so now is a not a bad time to buy t-bills and t-bonds directly. If you are buying bonds and bills directly, you are typically paid every six months, and the interest rate is fixed at sale. It's also not "risk-free", but risk is pretty low as it would involve the collapse of the issuing government.

It's an excellent way to invest savings or to live on passive income if you have a million or two. As boomers start retiring, a lot of them will be cashing out their 401(k)s and buying bonds. Stocks get all the attention but bonds are quietly a larger market. I'd say bond trading is more intellectually demanding and not as irrational as stocks, but both have their role in the economy. Direct bond investing on the other hand is pretty simple.

 

Sunt dicta in possimus et. Est nam temporibus rerum consequuntur enim. Ipsam vel non debitis fugit ipsa exercitationem. Ut quae qui harum. Tempore quo sequi eveniet quaerat fugiat nihil consequatur.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”