What is 3 Month Bill Auction

1 minute publication
4 min readJan 10, 2023
Photo by tommao wang on Unsplash

What is it?

  • 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.

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1 minute publication

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