Treasury auctions
E672128
Treasury auctions are government-run sales in which investors bid to purchase newly issued U.S. Treasury securities at market-determined interest rates.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
auction mechanism
ⓘ
government securities issuance process ⓘ |
| administeredBy | Bureau of the Fiscal Service NERFINISHED ⓘ |
| allocationMethod |
multiple-price auction
ⓘ
single-price auction ⓘ uniform-price auction ⓘ |
| allocationRule |
bids accepted from lowest yield to highest yield
ⓘ
stop-out yield determines final price ⓘ |
| bidType |
competitive bid
ⓘ
noncompetitive bid ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| currency | U.S. dollar NERFINISHED ⓘ |
| dataPublishedBy |
Federal Reserve Bank of New York
NERFINISHED
ⓘ
U.S. Department of the Treasury NERFINISHED ⓘ |
| frequency |
ad hoc cash management bills
ⓘ
regular schedule ⓘ |
| governedBy | U.S. Treasury auction rules ⓘ |
| introduced | 1970s for regular note and bond auctions ⓘ |
| issuer | U.S. Department of the Treasury NERFINISHED ⓘ |
| participant |
broker-dealers
ⓘ
commercial banks ⓘ foreign central banks ⓘ individual investors ⓘ institutional investors ⓘ money market funds ⓘ primary dealers ⓘ |
| predecessor | Treasury security subscription system NERFINISHED ⓘ |
| priceDetermination | market-determined interest rates ⓘ |
| priceFormat |
discount rate
ⓘ
price per 100 of face value ⓘ yield ⓘ |
| purpose |
to finance U.S. government operations
ⓘ
to refinance maturing U.S. government debt ⓘ to sell newly issued U.S. Treasury securities ⓘ |
| regulator | U.S. Department of the Treasury NERFINISHED ⓘ |
| relatedTo |
U.S. Treasury market
NERFINISHED
ⓘ
U.S. government debt management ⓘ federal budget financing ⓘ monetary policy implementation ⓘ |
| risk |
auction tail risk
ⓘ
under-subscription risk ⓘ |
| securityType |
Floating Rate Notes
ⓘ
Treasury Inflation-Protected Securities NERFINISHED ⓘ Treasury bills ⓘ Treasury bonds ⓘ Treasury notes ⓘ |
| settlementSystem |
Fedwire Securities Service
NERFINISHED
ⓘ
TreasuryDirect NERFINISHED ⓘ |
| transparencyFeature |
post-auction results publication
ⓘ
public announcement of auction details ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.