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Auctions
Treasury auctions refer to the sale of Treasury securities and related auction activity. This page provides a plain-language overview of common auction terms and links to auction-related public resources.
Common Auction Terms
- Announcement: details for the offering, including maturity and amount.
- Auction: the process where bids are submitted and awards are determined.
- Settlement: when payment and delivery occur.
- Bid-to-cover: a simple measure of demand relative to amount offered.