US Government and Agency Underwritings Flashcards
1
Q
How often are 4, 13, and 26 Week T-Bills auctioned?
A
Weekly
2
Q
How often are 52 week t-bills auctioned?
A
Every 4 weeks
3
Q
How often are t-notes, bonds, and TIPS auctioned?
A
monthly
4
Q
How does a non-competitive bid work?
A
bidder agrees to accept the average of the winning competitive bids as the interest rate
5
Q
What is the maximum percentage of securities at auction that a single bidder can bid for?
A
35%
6
Q
How are agency securities sold?
A
Negotiated offering
7
Q
When is payment made for auctioned govt securities?
A
Issuance date
8
Q
What is the minimum competitive bid at a t-bill auction?
A
5,000,000
