Upcoming auction of 6-month bills by the U.S. Treasury
- U.S. Treasury to auction $70 billion in 6-month bills on Monday
- Debt will settle on Jan. 25, 2024 and mature on July 25, 2024
- Federal Reserve holds $12.751 billion of maturing securities
- Noncompetitive tenders must be received by 11:00 AM ET
- Competitive tenders must be received by 11:30 AM ET
The U.S. Treasury plans to auction $70 billion in 6-month bills on Monday. The debt will settle on Jan. 25, 2024 and mature on July 25, 2024. The Federal Reserve holds $12.751 billion of maturing securities for its own account. Noncompetitive tenders for the 6-month bills, available in minimum denominations of $100, must be received by 11:00 AM Eastern Time Monday. Competitive tenders available in minimum denominations of $100, must be received by 11:30 AM Eastern Time.
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Factuality Level: 10
Justification: The article provides factual information about the U.S. Treasury’s plan to auction $70 billion in 6-month bills, including settlement and maturity dates, the amount held by the Federal Reserve, and the tender requirements. The information is straightforward and does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact.
Noise Level: 1
Justification: This article is a straightforward announcement of a U.S. Treasury auction. It provides factual information without any noise or irrelevant content.
Financial Relevance: Yes
Financial Markets Impacted: The auction of $70 billion in 6-month bills by the U.S. Treasury may impact the bond market and interest rates.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it provides information about the U.S. Treasury’s plan to auction $70 billion in 6-month bills. However, there is no mention of any extreme event or its impact.
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