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U.S. Treasury to Auction $60B in 17-Week Bills on Feb. 27, 2024, US

By: Shreya Gupta

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Updated: [falahcoin_post_modified_date]

US To Sell $60 Bln In 17-Week Bills Wed

WASHINGTON–The U.S. Treasury is set to auction $60 billion in 17-week bills on Wednesday. The debt is scheduled to settle on Feb. 27, 2024, and will reach maturity on June 25, 2024.

The Federal Reserve currently holds $1.205 billion of maturing securities for its own account, with additional amounts bid by the Federal Reserve banks. Noncompetitive tenders for the bills must be submitted by 11:00 AM Eastern Time, while competitive tenders should be in by 11:30 AM Eastern Time.

Interested bidders can participate in the auction with minimum denominations of $100. The CUSIP number for the bills is 912797KG1.

(Data source: U.S. Treasury Dept.)

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Shreya Gupta
Shreya Gupta
Shreya Gupta is an insightful author at The Reportify who dives into the realm of business. With a keen understanding of industry trends, market developments, and entrepreneurship, Shreya brings you the latest news and analysis in the Business She can be reached at shreya@thereportify.com for any inquiries or further information.

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