Local broker Moomoo SG recently came up with a U.S. Treasury Trading feature on their platform.
With this feature, we can focus on and trade US Treasury. Trading US Treasury is not a revolutionary concept; you can do the same on other trading platforms.
Some of my readers have told me they saw a benefit in investing in the US Treasury directly a long time ago, but I have such a hard time finding the securities that are available for me to purchase and executing the purchase (I have since managed to locate the US Treasury securities on the said platform.)
This US Treasury Trading feature of Moomoo allows us to:
Review a curated list of US Treasury bills and notes available for purchase. Twenty-plus such US Treasury securities are currently available for trading through the platform, with more being added monthly. Since Moomoo is a trading platform, you can sell your bond (with the prospect of capital gains or losses) if you need to have liquidity. The minimum platform fee for trading on Moomoo is $2, with a maximum platform fee of $15. Between that, the platform fee in percentage is 0.04%. There is a custody fee at an annualized rate of 0.08%. For the time being till the end of September 2024, the commission cost is zero. The minimum commission is competitive, but unlike other platforms, Moomoo charges a platform fee and custody fee instead. Convert your SGD to USD at reasonable rates. The minimum capital you can buy Treasury is US$1,000. You can increase your Treasury investments through multiples of US$1,000 increments.
Aside from US Treasury bills and notes, you can also trade Singapore SGS bonds on the Moomoo platform. This means that you can purchase and hold
