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

  • U.S. Treasury to auction $85 billion in reopened 4-week bills
  • Debt will settle on Nov. 28, 2023 and mature on Dec. 26, 2023
  • Reopening of an issue first sold on Aug. 29, 2023
  • Federal Reserve holds $1.856 billion of maturing securities
  • Noncompetitive tenders must be received by 9:30 AM ET, competitive tenders by 10:00 AM ET

The U.S. Treasury is planning to auction $85 billion in reopened 4-week bills on Wednesday. This debt, which will settle on November 28, 2023, and mature on December 26, 2023, is a reopening of an issue that was first sold on August 29, 2023. The Federal Reserve currently holds $1.856 billion of maturing securities for its own account. Noncompetitive tenders for the 4-week bills, available in minimum denominations of $100, must be received by 9:30 AM Eastern Time on Wednesday. Competitive tenders, also available in minimum denominations of $100, must be received by 10:00 AM Eastern Time. Don’t miss out on this opportunity to invest in short-term debt. The CUSIP number for this auction is 912797HW0. (Data provided by the U.S. Treasury Department.)

Factuality Level: 10
Factuality Justification: The article provides factual information about the U.S. Treasury’s plan to auction $85 billion in reopened 4-week 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 without any bias or opinion, and there are no digressions or irrelevant details. Overall, the article is highly factual and objective.
Noise Level: 2
Noise Justification: The article provides clear and concise information about the upcoming auction of 4-week bills by the U.S. Treasury. It includes details such as settlement and maturity dates, reopening of the issue, and the involvement of the Federal Reserve. The article stays on topic and does not dive into unrelated territories. However, it lacks analysis, accountability, scientific rigor, and actionable insights, which lowers its overall noise level.
Financial Relevance: Yes
Financial Markets Impacted: The auction of $85 billion in 4-week bills by the U.S. Treasury may impact short-term interest rates and the demand for U.S. government debt.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the U.S. Treasury’s plans to auction $85 billion in 4-week bills. However, there is no mention of an extreme event or its impact.
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Reported publicly: www.marketwatch.com