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 Jan. 23, 2024 and mature on Feb. 20, 2024
  • Reopening of an issue first sold on Oct. 24, 2023
  • Federal Reserve holds $1.385 billion of maturing securities
  • Noncompetitive tenders must be received by 11:00 AM ET Thursday
  • Competitive tenders must be received by 11:30 AM ET Thursday

The U.S. Treasury is planning to auction $85 billion in reopened 4-week bills on Thursday. This debt will settle on January 23, 2024, and mature on February 20, 2024. It is a reopening of an issue that was first sold on October 24, 2023. The Federal Reserve currently holds $1.385 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 11:00 AM Eastern Time on Thursday. 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 debt!

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Factuality Level: 10
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 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 presented objectively and without any bias or opinion.

Noise Level: 2
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, scientific rigor, and actionable insights, which lowers its overall noise level.

Financial Relevance: Yes
Financial Markets Impacted: The auction of $85 billion in reopened 4-week 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 $85 billion in reopened 4-week bills. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com