Ask Terry Questions Treasury Bills

Treasury Bills

By Terry Savage on September 26, 2023 | Chicken Money

I am thinking of purchasing some Treasury Bills but the concept of an auction boggles my mind. Do I have to participate in these auctions? If I don’t participate, how will that affect my Treasury Bills?

Thank you.

Terry Says

No! You don’t “participate” — you agree to accept the average rate set at the auction and bid upon by global banks.
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