I did it on E-Trade. It may not be short term commercial paper. They organize bond investments by remaining term, and I need the money in January when it matures. I bought it under par consistent with rising interest rates since it was issued. As rates have continued to rise since I bought it I'm seeing principal impairment on it, so if I sold it now, it would be a loss. If I hold to maturity and B of A doesn't default, I'll earn 3.6%. I didn't expect rates to rise after the Fed announcement because I didn't expect Powell to sound more hawkish than Putin.
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