2009 Economic Calendar POWERED BY  Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar 6-Month Bill Announcement   Description of Offering Offering Amount $30.0 B  CUSIP Number 912795T35  Auction Date August 17, 2009  Issue (Settlement) Date August 20, 2009  Maturity Date February 18, 2010  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 12:00 Noon ET Competitive Bids 1:00 p.m. ET Definition Treasury bills are sold at public auctions every week. The 6-month bill is also known as the 26- week bill. Competitive bids at these auctions determine the interest rate paid on each issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Since these are public auctions, the Treasury must announce the size, date and time of the auction every week. Six-month bills are announced on Thursday for auction the following Monday and issued (settled) on Thursday. If a Monday is a banking holiday, the bills are auctioned on Tuesday. (Department of the Treasury)  Why Investors Care   Order the 2010 Econoday Investor's Journal Print Edition Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by