Auction Fundamentals

This section provides a guide to Treasury auctions, bidding, and procedures. Find out how the auction process works, what auction bidding methods are available for institutions, and where Treasury securities are held.

Place BidHow Treasury Auctions Work
Detailed information about the Treasury auction process, including:

There are three main systems where Treasury securities are held. Investors may either hold their securities with a financial institution or directly with Treasury. Each holding system has unique characteristics and benefits. Learn more: