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