AUCTION FUNDAMENTALS

Auction Fundamentals

This section provides a guide to Treasury auctions, bidding, and procedures. Find out how the auction process works, what auction bidding methods are available for institutions, and where Treasury securities are held.

Place Bid How Treasury Auctions Work
Detailed information about the Treasury auction process, including:

There are three main systems where Treasury securities are held. Investors may either hold their securities with a financial institution or directly with Treasury. Each holding system has unique characteristics and benefits. Learn more:

Bills	Issue Date	Disc. Rate	Inv. Rate	Offer Amt.
64 day	02/13/13	0.100	0.101	40B
4 wk	02/14/13	0.080	0.081	45B
13 wk	02/14/13	0.085	0.086	35B
26 wk	02/14/13	0.120	0.122	30B
52 wk	02/07/13	0.145	0.147	25B

Notes/ Bonds	Issue Date	Int. Rate	High Yield	Offer Amt.
2 yr	01/31/13	0.250	0.288	35B
3 yr	02/15/13	0.375	0.411	32B
5 yr	01/31/13	0.875	0.889	35B
7 yr	01/31/13	1.375	1.416	29B
10 yr	02/15/13	2.000	2.046	24B
30 yr	02/15/13	3.125	3.180	16B

TIPS	Issue Date	Int. Rate	High Yield	Offer Amt.
5 yr(r)	12/31/12	0.125	-1.496	14B
10 yr	01/31/13	0.125	-0.630	15B
30 yr(r)	10/31/12	0.750	0.479	7B

(r) denotes reopened Notes/Bonds/TIPS
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AUCTION FUNDAMENTALS

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Auction Fundamentals