Upcoming auction of 3-month bills by the U.S. Treasury

  • U.S. Treasury to auction $79 billion in reopened 3-month bills
  • Debt will settle on Feb. 22, 2024 and mature on May 23, 2024
  • Reopening of an issue first sold on Nov. 24, 2023
  • Federal Reserve holds $14.422 billion of maturing securities
  • Noncompetitive tenders must be received by 11:00 AM ET Tuesday
  • Competitive tenders must be received by 11:30 AM ET Tuesday

The U.S. Treasury plans to auction $79 billion in reopened 3-month bills on Tuesday. This debt, which settles on Feb. 22, 2024, and matures on May 23, 2024, is a reopening of an issue first sold on Nov. 24, 2023. The Federal Reserve holds $14.422 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. The CUSIP number for this debt is 912797HR1. (Data provided by the U.S. Treasury Dept.)

Factuality Level: 10
Factuality Just: The article provides factual information about the U.S. Treasury’s plan to auction $79 billion in reopened 3-month bills. It includes details such as the settlement and maturity dates, the reopening of the issue, 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
Noise Just: This article is a straightforward announcement of a Treasury auction. It provides factual information without any noise or irrelevant content.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The article pertains to financial topics as it discusses the U.S. Treasury’s plan to auction $79 billion in reopened 3-month bills. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com