2010 Economic Calendar POWERED BY  Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar 4-Week Bill Announcement   Description of Offering Offering Amount $31.0 B  CUSIP Number 912795U82  Auction Date July 27, 2010  Issue (Settlement) Date July 29, 2010  Maturity Date August 26, 2010  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 11:00 a.m. ET Competitive Bids 11:30 a.m. ET Definition Treasury bills are sold at public auctions every week. 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. Four-week bills are announced on Monday for a Tuesday auction and are issued (settled) on Thursday of the same week. If a Monday is a banking holiday, the bills are auctioned on Wednesday. (Department of the Treasury)  Why Investors Care   Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by