2009 Economic Calendar
POWERED BY  econoday logo
Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar

2-Yr Note Announcement
 
Description of Offering
Offering Amount$44.0 B 
CUSIP Number912828ML1 
Auction DateDecember 28, 2009 
Issue (Settlement) DateDecember 31, 2009 
Maturity DateDecember 31, 2011 
Min Bid Amount$100 

Receipt of Tenders
Noncompetitive Bids12:00 Noon ET
Competitive Bids1:00 p.m. ET

Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note 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. (Department of the Treasury)  Why Investors Care
 


Order the 2010 Econoday Investor's Journal Print Edition
powered by [Econoday] [Apple App Store]
[Econoday on Kindle]