Treasury website auction
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!