A 3-month bill auction is a regular event held by the U.S. Department of the Treasury in which it auctions off a certain amount of 3-month debt in the form of treasury bills/T Bills to the public.
They are sold at a discount to face value, and the difference between the purchase price and the face value represents the interest earned.
The 3 month T-bill auction is held on a regular schedule, with auctions held every week and the bills issued on the following Thursday.
The bills are auctioned off to the highest bidder, and the interest rate is determined by the auction process.
The 3-month T-bill is a very popular investment among investors because it is considered to be a low-risk, highly liquid investment with a short maturity.
Who Reports It?
The U.S. Department of the Treasury releases the information to the public through a press release or on the website.
How it is Generated?
The U.S. Department of the Treasury conducts auctions of 3 month T-bills and other government securities.
After the auction has been held, the Treasury will announce the results, including the interest rate that was determined by the auction…
