Why does the U.S. Treasury sell securities? In your own words please describe the auction process. What is the difference between competitive bid and noncompetitive bid?
For this discussion we explore the TreasuryDirect.gov website. It is useful site for obtaining actual Treasury securities. This website is also used for buying and selling Treasury securities. Note that to answer the discussion questions you don’t need to create an account or to buy/sell any Treasuries. To answer the questions you will be using […]