POWERED BY  3-Yr Note Announcement   Description of Offering Offering Amount $35.0 B  CUSIP Number 912828LB4  Auction Date July 7, 2009  Issue (Settlement) Date July 15, 2009  Maturity Date July 15, 2012  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 12:00 Noon ET Competitive Bids 1:00 p.m. ET Definition Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. (Department of the Treasury)  Why Investors Care   Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by