Single-price auction

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Single-price auctions are a pricing method in securities auctions that give all participants to issue the same purchase price.

U.S. Treasury Auctions

United States Treasury security auctions are conducted using the single-price auction method. In a single-price auction, all successful competitive bidders and all noncompetitive bidders are awarded securities at the price equivalent to the highest rate or yield of accepted competitive tenders. These securities include:

• Treasury bills
• Treasury notes
• Treasury bonds
• Treasury Inflation-Protected Securities (TIPS)

See also

• Outline of finance

References

Individual - Auction FAQs (www.TreasuryDirect.gov)