Noncompetitive Bid

Noncompetitive Bid: Understanding Treasury Bill Purchases Without Price Competition
A noncompetitive bid is a way for smaller investors to purchase U.S. Treasury bills at the average price of competitive bids accepted by the Treasury. Learn the intricacies, applications, and benefits of noncompetitive bidding.
TreasuryDirect: Electronic System for Buying U.S. Treasury Securities
An electronic system enabling individual investors to make noncompetitive bids on U.S. Treasury securities, bypassing banks and broker-dealers to avoid fees.

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