17 week T-Bill purchase executed 06/08/2023

Derf

Announcement 6/6, Auction 6/7 bought on 6/6 I received message today of purchased which showed 08/08/23 - 04/11/23. That appears to be a T-bill bought at market. Called VG today & rep said it was an auction purchase. I'll be calling tomorrow , bright & early to see if I can get a reason as to why this happened. If that T-bill was sold out, the order shouldn't have been filled. Maybe no fill or kill at VG ?
Anyone have any ideas ? Rep also mention it maybe a RO bill, reopened. If that is the case, wouldn't it show on the pre- schedule ?
Thanks, Derf

yogibearbull

Doesn't seem reopened T-Bill. Cannot post result pdf now, may be later.
https://www.treasurydirect.gov/auctions/announcements-data-results/announcement-results-press-releases/previous-announcements-and-results/

msf

If that T-bill was sold out, the order shouldn't have been filled.

At the auction, Treasury first accepts all the non-competitive bids that comply with the auction rules.

Then, we accept competitive bids based on their rate, yield, or discount margin (from lowest to highest) until the entire amount of the offering has been awarded.

https://www.treasurydirect.gov/auctions/how-auctions-work/

All non-competitive bids were filled. There were some T-bills (actually about 94%) "left over" for the competitive bids.

TREASURY AUCTION NONCOMPETITIVE RESULTS
Term and Type of Security 119-Day Bill
CUSIP Number 912797HA8
Issue Date June 13, 2023
Maturity Date October 10, 2023
Original Issue Date June 13, 2023
Total Offering Amount $46,000,000,000

Amount Tendered
Noncompetitive $691,380,800
FIMA (Noncompetitive) $2,000,000,000
Tentative Total $2,691,380,800

Approximate Amount Remaining for Competitive Bids $43,308,619,200

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/NCR_20230607_1.pdf

yogibearbull

Here are the Auction Announcement and Results for the 17-wk auction 0n 6/7/23. I posted via phone before and then these were downloads only, not URLs. In Treasury auctions, ALL noncompetitive (retail) orders are filled - fill or kill isn't necessary, so not even allowed. The OP dates "08/08/23 - 04/11/23" also don't make sense, nor does what VG Rep said.

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/A_20230606_3.pdf

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230607_1.pdf

Derf

4-Week 912797FR3 06/06/2023 07/05/2023 5.130% 5.237%
8-Week 912797GA9 06/06/2023 08/01/2023 5.220% 5.350%
17-Week 912797GV3 06/06/2023 10/03/2023 5.325% 5.511%
@yogibearbull That's what I found earlier today. NO 06/07 auction it appears. Issue , auction, & announcement are all self explanatory .
YBB Thanks again Your second link shows an auction for 17 week T-Bill. Added on 06/07