Rudy Yakym III, a member of Congress from Indiana's 2nd congressional district, recently made significant investments in Treasury Bills, according to a congressional trade report.
On October 15, 2024, Yakym purchased a 3-Month Treasury Bill that matures on January 16, 2025. The investment was valued between $15,001 and $50,000. This transaction was made through TD Ameritrade, a popular online brokerage platform.
On the same day, Yakym also invested in a 4-Week Treasury Bill which matures on November 12, 2024. This investment was significantly larger, with a value ranging between $50,001 and $100,000. This transaction was conducted through Treasury Direct, a U.S. government service that allows investors to buy and manage Treasury securities directly from the U.S. Department of the Treasury.
Treasury Bills, or T-Bills, are short-term securities that mature in one year or less from their issue date. They are considered one of the safest investments available, as they are backed by the full faith and credit of the U.S. government.
Yakym's investments in Treasury Bills highlight his financial strategy of investing in low-risk, government-backed securities. These transactions were certified as accurate and complete by Yakym himself on October 17, 2024, in line with the requirements of the STOCK Act.
InvestingPro Insights
To complement Congressman Yakym's recent investments in Treasury Bills, let's take a closer look at the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), which tracks the performance of short-term U.S. Treasury Bills.
According to InvestingPro data, BIL currently has a market capitalization of $33.61 billion, reflecting substantial investor interest in short-term Treasury securities. The ETF's dividend yield stands at 4.86%, with the most recent ex-dividend date on October 1, 2024, offering investors a steady income stream.
BIL's performance has been consistent with the low-risk nature of Treasury Bills. The ETF has shown positive returns across various timeframes, with a 1-year price total return of 5.33% and a year-to-date return of 4.2%. This aligns well with Yakym's investment strategy, focusing on stable, government-backed securities.
An InvestingPro Tip notes that BIL "generally trades with low price volatility," which is characteristic of short-term Treasury investments and supports the notion of these securities as a safe haven. The ETF is currently trading at 99.8% of its 52-week high, indicating strong performance in line with rising interest rates.
For investors interested in exploring more about BIL and similar investments, InvestingPro offers additional tips and insights. In fact, there are 5 more InvestingPro Tips available for BIL, providing a deeper understanding of this ETF's performance and potential.
Rudy Yakym III, a member of Congress from Indiana's 2nd congressional district, recently made significant investments in Treasury Bills, according to a congressional trade report.
On October 15, 2024, Yakym purchased a 3-Month Treasury Bill that matures on January 16, 2025. The investment was valued between $15,001 and $50,000. This transaction was made through TD Ameritrade, a popular online brokerage platform.
On the same day, Yakym also invested in a 4-Week Treasury Bill which matures on November 12, 2024. This investment was significantly larger, with a value ranging between $50,001 and $100,000. This transaction was conducted through Treasury Direct, a U.S. government service that allows investors to buy and manage Treasury securities directly from the U.S. Department of the Treasury.
Treasury Bills, or T-Bills, are short-term securities that mature in one year or less from their issue date. They are considered one of the safest investments available, as they are backed by the full faith and credit of the U.S. government.
Yakym's investments in Treasury Bills highlight his financial strategy of investing in low-risk, government-backed securities. These transactions were certified as accurate and complete by Yakym himself on October 17, 2024, in line with the requirements of the STOCK Act.
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