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What are the differences between electronic marketable securities and savings bonds in TreasuryDirect?

April 26, 2017differences electronic marketable savings bonds securities TreasuryDirect

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What are the differences between electronic marketable securities and savings bonds in TreasuryDirect?

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Treasury sells marketable securities – Bills, Notes, Bonds, and TIPS – at public auction through a broker/dealer, a financial institution, TreasuryDirect, or Legacy Treasury Direct. In an auction, bidders are awarded securities at the same price. This price is set by the highest rate or yield of the competitive bids accepted. (TreasuryDirect accepts only noncompetitive bids.) Once these securities have been issued, they can be bought and sold in the commercial market at prevailing prices.