Treasury Auction

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Example of US Treasury Bill Auction Auction of $90 billion 180 day T-Bills to both Competitive a Lowest Yield 0.1731% 99.91345 10 15 0.1741% 99.91295 15 15 0.1751% 99.91245 20 15 0.1760% 99.91200 12 15 0.1770% 99.91150 10 15 0.1780% 99.91100 5 15 Highest Yield 0.1790% 99.91050 10 15 Discount Rate Bid Bid Price per $100 Competitive Bids ($ billions) Non-competitive bids ($ billions)

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How to understand Treasury Auctions

Transcript of Treasury Auction

Page 1: Treasury Auction

Example of US Treasury Bill Auction

Auction of $90 billion 180 day T-Bills to both Competitive and Noncompetitive Bidders

Lowest Yield 0.1731% 99.91345 10 150.1741% 99.91295 15 150.1751% 99.91245 20 150.1760% 99.91200 12 150.1770% 99.91150 10 150.1780% 99.91100 5 15

Highest Yield 0.1790% 99.91050 10 15

Discount Rate Bid

Bid Price per $100

Competitive Bids ($ billions)

Non-competitive bids ($ billions)

Page 2: Treasury Auction

Auction of $90 billion 180 day T-Bills to both Competitive and Noncompetitive Bidders

25406072828797

Total cumulative bids ($ billions)