What changes are being made in the way marketable Treasury securities are issued?
Beginning with the auction of 13- and 26-week bills scheduled for April 7, 2008, all Treasury marketable securities – bills, notes, bonds and TIPS – will be sold and transferred in increments of $100, replacing the $1,000 minimum purchase and transfer amount that has been in effect since August 10, 1998. The new minimum and multiples will also apply to outstanding securities at the same time.
