Rudy Yakym III, representing Indiana's 2nd congressional district, has made a significant investment in a 6-month Treasury Bill, according to the latest congressional trade report. The transaction was made through the Treasury Direct investment vehicle.
The Treasury Bill, set to mature on March 27, 2025, is a form of government securities and agency debt. Yakym III's investment in the bill ranges from $1,001 to $15,000. The exact amount, as per the report, falls within this range.
The transaction was carried out on September 26, 2024, with the notification date being the same. As is the norm with such transactions, any capital gains exceeding $200 are reported. However, the report does not provide information on whether this particular transaction has resulted in such gains.
The Treasury Direct investment vehicle used by Yakym III is located in the US. It is not clear from the report whether this is the first time the congressperson has used this particular investment vehicle or if it is a regular part of his investment strategy.
The report does not disclose any other transactions made by Yakym III during the reporting period. The report confirms that all transactions required by the STOCK Act have been disclosed.
This report provides a glimpse into the investment activities of our elected officials, shedding light on how they manage their personal finances while serving in public office. It's important to note that these transactions are legal and are disclosed in accordance with the STOCK Act, which mandates periodic reporting of such activities.
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