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date: '2023-10-27'
layout: post
title: Buy US Treasury bonds on Fidelity

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The Fidelity interface is complicated, here a description of the steps necessary to buy newly issued US Treasury bonds at the next available auction. Currently auctions are every Thursday.

* Login to fidelity
* Click on "News & Research", "Fixed income, Bonds and CDs"
* Click on "New Issues", expand "Treasury"
* Look if any of the Treasury bonds have a high "Expected yield" and a suitable duration
* If not, wait a week and try again
* If yes, click on "Trade"
* Select the account, in the quantity put how many thousand dollars you would like to buy. So 3 means $3000. Set AutoRoll to No.
* Wait a few days until the auction is held and you will get an email from Fidelity notifying you what is the final yield.
* Wait until maturity to get the full amount of interest, however, if you need to sell beforehand, Fidelity allows to sell them most probably without a loss, just a lower interest rate.

### Note on ROTH IRA

If you buy these bonds on a ROTH IRA, the interest is tax free and can be invested in the future.