npub163k0gvm3x8s7qqjnukf6a2jq4nus3s74j7y64pctcgrwy3nmsllswwhljx (npub163k…hljx) npub1ul8tua30lc5rs6ytqus250kg244vevnaumsdsqfl42cz3n86hhzs04kl35 (npub1ul8…kl35)
The primary dealers linked by Mark are indeed required to show a bid for Treasuries in these auctions. Details can be found here: https://www.investopedia.com/terms/b/bill-auction.asp , but long story short: it’s a Dutch auction wherein you bid based on your opinion of a fair rate and the Treasury allots fills according to how competitive your bid was. So it’s a game of game theory, as well as appraising fair value
While this auction a huge miss, it just means dealers bid really low
Continued
NBS /
npub1yd…f5tav
2023-11-12 04:31:54
in reply to nevent1q…3qym
Author Public Key
npub1ydmg5ndgr9px5ekcxnxaf9ktrcd2scnkx7cf9xrnaxxnea90aevsgf5tavPublished at
2023-11-12 04:31:54Event JSON
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"created_at": 1699763514,
"kind": 1,
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[
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"content": "nostr:npub163k0gvm3x8s7qqjnukf6a2jq4nus3s74j7y64pctcgrwy3nmsllswwhljx nostr:npub1ul8tua30lc5rs6ytqus250kg244vevnaumsdsqfl42cz3n86hhzs04kl35 \n\nThe primary dealers linked by Mark are indeed required to show a bid for Treasuries in these auctions. Details can be found here: https://www.investopedia.com/terms/b/bill-auction.asp , but long story short: it’s a Dutch auction wherein you bid based on your opinion of a fair rate and the Treasury allots fills according to how competitive your bid was. So it’s a game of game theory, as well as appraising fair value\n\nWhile this auction a huge miss, it just means dealers bid really low\n\nContinued",
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