Just opened my CBK CDSC account, Wish to start trading next week for 182 T-bills. Best bet for a newbie like me is to bid for non competitive - have about 1M.
However, am asking for some tips & tricks for competitive bidding. If am to bid next week, what's the best rate % to bid? Been following bid results and noticed over 80% of investors go for competitive bids even with apparent subscription.
Checked today's results for last week, 182 day closed at 10.137%.
Thanks for your help.