2009 Economic Calendar
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3-Yr Note Announcement
 
Description of Offering
Offering Amount$40.0 B 
CUSIP Number912828MB3 
Auction DateDecember 8, 2009 
Issue (Settlement) DateDecember 15, 2009 
Maturity DateDecember 15, 2012 
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
 


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