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Personal Investments • Vanguard Treasury redemption message vs actual redemption value

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Hello,

I bought short term US treasury by auction on Vanguard. Closer to maturity I got this message:

U S TREASURY BILL CPN 0.00000 % MTD 2024-02-08 DTD 2023-08-10, CUSIP xxxx, in the brokerage account yyyy, is scheduled to mature on 2024-02-08. A quantity of 15,000 will be redeemed at $100 for a total of $15,000.

However, after redemption, the message says:

U S TREASURY BILL, cusip xxxx, in brokerage account yyyy, was redeemed on 2024-02-08. A quantity of 15,000 was redeemed at $98.66 for a total of $14,799.61.

Why am I losing 200$ if I have held it to maturity?

Statistics: Posted by noelb — Tue Mar 05, 2024 10:01 pm — Replies 1 — Views 258



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