Anyone know much about Treasury Securities???

[brig2221]

I have been investing a good amount of cash in CD's the past few years. That said, when my current CD's mature, I don't expect to re-invest them into CD's given the Bernake rate drops.

I came across an article at Yahoo on the President re-introducing One-Year Treasury Securities.

Administration brings back one-year Treasury security: Financial News - Yahoo! Finance

I guess back in 2001, when the economy was rolling on and the government actually had surpluses, they decided to get rid of them. Now that the economy is going South, and our government is spending more than ever, they apparently need our money.

My question is, a 1-year note would be right up my alley. That said, does anyone know much about what typical interest rates are on these, are the returns tax-free, etc???

Thanks!

[scfr]

brig2221 - I have been monitoring Treasury (by checking auction results at TreasuryDirect) vs. CD yields and choosing which to puchase for about 7-8 years now. I like both CDs and Treasuries, but for right now I'm sticking with CDs.

The last time I purchased a T-Bill was in Jan '07 (15 months ago). I've just been finding CDs yields to be more attractive than Treasury yields lately.