DEFINITION of 'Bill Announcement'

An announcement published by the U.S. Treasury regarding the next bill auction. This announcement outlines the terms of the bill auction. Bill announcements must contain the date and time of the auction, as well as the amount of bills to be tendered.

BREAKING DOWN 'Bill Announcement'

Bill announcements must also post the settlement date of the bills, as well as the date of their maturity, CUSIP number and the minimum bid amount, in millions. Bill Announcements are published weekly, corresponding with the next auction. The terms outlined in each announcement provide an indication of the demand for Treasury bills.

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