because the big cash deduction to buy it showed up in my Vanguard Roth account, but the Treasury bond showed up as $0. At least there was a line for it. My Roth account dollar total nose-dived by the amount of the cash deduction, ditto my overall Vanguard.
Just now, about 1035 AM CT, Vanguard looks like the way it should look. But ugh, the T-bond dropped 0.21% already. But I don't care really, I fully expect to hold it 5.4 years to final maturity.
Another weirdo thing -- on one of my screens as I was purchasing it, it showed:
Dated date 04/15/1998
First coupon 10/15/1998
Last coupon 10/15/2027
Maturity 4/15/2028
HUH? If the last coupon is really 10/15/27 (payments are semi-annual), that means the bond over its lifetime will make only 59 interest payments (its a 30 year TIP bond). I thought and think bonds make a final payment at maturity. So I'm hoping this is a harmless mistake on Vanguard's part. I purchased it anyway because that even without the final interest payment that I think I should get, I would get a 5.5% rate of return (instead of about 5.9% if I do get the final coupon) -- all rate of return numbers assuming an average 4.0% inflation rate.
Maybe they just add the final interest payment onto the principal amount as a lump sum final payment at maturity.
I see the CPI report today came in a little tamer than expected --
CPI: October: +0.4%, 12 months: +7.7%
CORE CPI: October: +0.3%, 12 months: +6.3%
https://www.democraticunderground.com/111694580
Regular Treasury 5 year and 10 year notes' yields way down today, below 4%.
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