Treasury bill auction

Treasury Bill Auction

A weekly Dutch auction held for the sale of 13-week and 26-week U.S. Treasury bills, or a monthly auction for 52-week bills. In a Treasury bill auction, the bills are offered at a relatively high price, which is gradually lowered until a potential buyer indicates it wishes to buy at that price. The interest rates on these Treasury bills are used as benchmarks for short-term interest rates. It should be noted that the Treasury also sets aside securities for those who do not enter a , but have indicated they are willing to pay whatever the winning bid happens to be.

Treasury bill auction

The weekly Monday auction for 13-week and 26-week Treasury bills and the monthly auction for 52-week Treasury bills. The auctions are conducted on a competitive-bid basis by the Federal Reserve. Securities are also set aside for investors who do not wish to enter a specific bid but who will purchase the securities at the average price paid by competitive bidders. See also Form PD 4632.
Mentioned in ?
References in periodicals archive ?
FRNs are the first new security launched by the Treasury since 1997, and will have a two-year maturity with a rate that is indexed to the highest accepted discount rate of the most recent 13-week Treasury bill auction, and will be reset when the bill is auctioned each week.
The currency strengthened on Tuesday as some banks trimmed their dollar positions in anticipation of strong appetite from foreign investors for this week's Treasury bill auction, traders said.
Yields in Qatar's Treasury bill auction fell on Tuesday to their lowest level since at least October 2012 as demand increased to its highest in as many months, central bank data showed.
69 billion) in a treasury bill auction held after the country's bailout lenders approved the payment of a new batch of rescue loans.
Still, in signs of growing investor caution, Ljubljana raised far less funding than planned and at higher costs at a treasury bill auction held after the OECD report and investors pushed the cost of insuring Slovenia's debt higher.
3 billion euros (PS1 million) in a three-month treasury bill auction with demand to spare.
Dealers said they were awaiting the result of a treasury bill auction, due to be released on Wednesday.
Meanwhile, the Central Bank of Egypt (CBE) reduced the size of its treasury bill auction yesterday, as yields surged to their highest level since the 2008 global economic crisis, according to Reuters.
005 billion) Egyptian treasury bill auction on Thursday but traders said rates were likely to stay close to recent highs because of political tensions and the small number of buyers.
88% in May 2010 and the last 6-month Treasury Bill auction went at a yield of 2.
09 billion USD) of Treasury bills in a 182-day reference Treasury bill auction.
The successful launch of the Croatian Treasury Bill auction and allocation on the Bloomberg Bond Auction System reflects the ongoing desire of the Ministry of Finance to ensure the Croatian market is as efficient and transparent as possible.