Gyroscopic Investing

I purchased 100K of treasury notes CUSIP 912828D64. It says I'm down $254. I know it has something to do with the coupon, but I don't understand how to account for that. .5% coupon in Aug and Feb.

Matthew19 wrote: I purchased 100K of treasury notes CUSIP 912828D64. It says I'm down $254. I know it has something to do with the coupon, but I don't understand how to account for that. .5% coupon in Aug and Feb.

Where did you buy it?  You may just be seeing secondary market flunctuations.  Yields are rising because of the expected Fed rate increase next week.

Through Fidelity's bond desk

Matthew19 wrote: I purchased 100K of treasury notes CUSIP 912828D64. It says I'm down $254. I know it has something to do with the coupon, but I don't understand how to account for that. .5% coupon in Aug and Feb.

.5% of 100K is $500.  The last coupon was in August so you are 3 months into it (i.e. 25%).  So... $125 of your $254 is the coupon interest that you bought.  That will be made up to you in February.  The other $129 seems pretty reasonable for buy/sell spread on $100K and/or broker's fees.

In other words, I think you did just fine.  Not much to worry about.