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The lowest auction price at which Treasury bills are sold.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The highest yield or the lowest price that the U.S. Treasury will accept when conducting an auction of Treasury securities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The lowest price (highest yield) accepted for new securities issued in a U.S. Treasury auction.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.