Treasury’s Latest Bond Offering

  • The US Treasury plans to auction $70 billion in reopened 3-month bills on Tuesday.
  • The debt will settle on May 30, 2024 and mature on August 29, 2024.
  • This is a reopening of an issue first sold on February 29, 2024.

The US Treasury is set to auction $70 billion in reopened 3-month bills on Tuesday. This debt will settle on May 30, 2024 and mature on August 29, 2024. The offering marks the reopening of an issue that was initially sold on February 29, 2024. The Federal Reserve holds $10.611 billion of maturing securities for its own account. Amounts bid by the Federal Reserve banks for their own account will be in addition to the public offering amount. Noncompetitive tenders for the 3-month bills, available in minimum denominations of $100, must be received by 9:30 AM Eastern Time Tuesday. Competitive tenders available in minimum denominations of $100, must be received by 10:00 AM Eastern Time. The CUSIP number is 912797KD8.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about a U.S. Treasury auction of $70 billion in reopened 3-month bills, including relevant details such as settlement and maturity dates, the initial sale date, the amount held by the Federal Reserve, minimum denominations for noncompetitive and competitive tenders, and the CUSIP number. There is no evidence of digressions, misleading information, sensationalism, redundancy, or personal perspective presented as a universally accepted truth.
Noise Level: 3
Noise Justification: The article provides information about a specific financial event without any analysis or context, making it mostly informative but lacking in-depth discussion or critical thinking.
Key People:

Financial Relevance: Yes
Financial Markets Impacted: U.S. Treasury bonds and related financial markets
Financial Rating Justification: The article discusses the auction of U.S. Treasury bills, which directly impacts the financial markets and companies involved in trading and investing in government securities.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article

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