Don’t miss out on this opportunity to invest in short-term government debt

  • U.S. Treasury to auction $75 billion in reopened 3-month bills
  • Debt will settle on Dec. 28, 2023 and mature on March 28, 2024
  • Federal Reserve holds $11.842 billion of maturing securities
  • Noncompetitive tenders must be received by 11:00 AM ET, competitive tenders by 11:30 AM ET

The U.S. Treasury is planning to auction $75 billion in reopened 3-month bills on Tuesday. This debt, which settles on December 28, 2023, and matures on March 28, 2024, is a reopening of an issue first sold on September 28, 2023. The Federal Reserve currently holds $11.842 billion of maturing securities for its own account. Noncompetitive tenders for the 3-month bills, available in minimum denominations of $100, must be received by 11:00 AM Eastern Time on Tuesday. Competitive tenders, also available in minimum denominations of $100, must be received by 11:30 AM Eastern Time. Don’t miss out on this opportunity to invest in short-term government debt. The CUSIP number for this issue is 912797GY7 (Data provided by the U.S. Treasury Department).

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Factuality Level: 10
Justification: The article provides factual information about the U.S. Treasury’s plan to auction $75 billion in reopened 3-month bills. It includes details about the settlement and maturity dates, the reopening of the issue, the amount held by the Federal Reserve, and the tender requirements. The information is presented objectively and without any bias or opinion.

Noise Level: 2
Justification: The article provides clear and concise information about the U.S. Treasury’s plan to auction $75 billion in reopened 3-month bills. It includes details about the settlement and maturity dates, as well as information about the Federal Reserve’s holdings. The article stays on topic and does not dive into unrelated territories. However, it lacks analysis, scientific rigor, and actionable insights, which lowers its overall noise level.

Financial Relevance: Yes
Financial Markets Impacted: The auction of $75 billion in reopened 3-month bills by the U.S. Treasury may impact the bond market and investors.

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 discusses the U.S. Treasury’s plan to auction $75 billion in reopened 3-month bills. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com