[delfinom]

Yea, buying into a MMF only makes sense if you need the money to be semi liquid since it only takes a day or so to cash out.

Otherwise buying short term treasuries is quite easy on most brokers. The downsise being it may not be as quick to sell on the secondary market when you need to cash out unless you get competitive with the sell terms.

[ryandrake]

Buyer availability really isn't a concern, especially for short term bills. I've never had even the slightest problem selling a T-bill one the secondary market. It's almost always as instant as selling 100 shares of a stock.

[lyrrad]

There were liquidity issues at many brokers for short term T-Bills in the days and weeks before the debt ceiling crisis was resolved last year.

Some brokerages may have better liquidity and/or prices than others.

It can be prudent to have multiple cash holding types in case there are issues with some of them.

[azemetre]

Thank you for this comment. I was really confused on the difference between MMFs and T Bills, going by the other comments in this thread it seemed like there is a preference for MMFs without stating why.