Ask Terry Questions Treasury website auction

Treasury website auction

By Terry Savage on May 31, 2022 | Chicken Money

Hi Terry,
Thanks for your financial advice on i-bonds. When I was in the treasury website, I noticed they have an auction?? Can you explain what that is?

Terry Says

Read this: https://www.terrysavage.com/buy-treasury-bills-earn/

Every week the Treasury Department auctions off billions of dollars in IOUs in the form of Treasury bills, notes and bonds — of varying maturities. It does so to pay off maturing debt — and to borrow new money to fund its deficits — all $30 TRILLION of our national debt!

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