Treasury bill auction

Treasury bill auction definition - business

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 Federal Reserve conducts the auctions on a competitive-bid basis. A portion of the issues is 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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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