2024 VT Tax Efficiency

 

T-bill Compounding formula.

 

SIFMA vs. FTEXX 1-day yields

 Interesting look at the SIFMA index in relation to the FTEXX one-day yields. The interesting thing is that the SIFMA index appears to be a lagging indicator, not a leading indicator. It appears that the FTEXX yields adjust before the index updates. The index reflects market movements not leads them.