Congresswoman Stephanie Bice, representing Oklahoma's 5th congressional district, has made significant investments in US Treasury bills, according to a recently released congressional trade report.
Bice purchased two different tranches of US Treasury bills (GS). The first, US Treasury Bill23 U S T Bill due 09/21/23 (912796ZN2), was acquired on June 22, 2023. The second, US Treasury Bill23 U S T Bill due 12/28/23 (912796CR8), was purchased on September 27, 2023. Both transactions were valued in the range of $15,001 - $50,000.
These investments were made through a trust, named Trust - CM, indicating a diversified approach to Bice's financial portfolio. The report did not specify whether these transactions resulted in capital gains exceeding $200.
US Treasury bills are short-term government securities that mature in one year or less from their issue date. They are considered a secure investment as they are backed by the full faith and credit of the US government.
The transactions were disclosed in accordance with the STOCK Act, which mandates that members of Congress disclose their financial trades to ensure transparency and accountability. The report was certified and signed by Congresswoman Bice on August 10, 2024.
InvestingPro Insights
As Congresswoman Stephanie Bice makes headway into US Treasury bills, investors taking a cue might consider the broader context provided by the latest data and insights from InvestingPro. With a market capitalization of $34.3 billion, Treasury bills represent a substantial segment of the investment landscape. Notably, the dividend yield stands at an attractive 5.27%, as of the last dividend's ex-date on August 1, 2024.
InvestingPro Tips indicate that Treasury bills typically exhibit low price volatility, which aligns with the conservative investment strategy often favored by public officials. Nonetheless, it's worth noting the weak gross profit margins associated with these securities. Additionally, Treasury bills are currently trading near their 52-week high, with the price at 99.68% of this peak, hinting at a widespread investor confidence in government-backed securities.
For those looking to delve further into the intricacies of Treasury bills and other government securities, InvestingPro offers additional tips and insights. In fact, there are more than four InvestingPro Tips available for Treasury bills, covering various aspects of investment potential and risk assessment. These tips can be accessed through the dedicated InvestingPro page for Treasury bills at https://www.investing.com/pro/BIL, offering a comprehensive tool for investors to make well-informed decisions.
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