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PSALMS 23, The Lord Is My Shepard!
Government Security Instruments including Government Bills Notes Bonds Debt Auction In seeking to pay the lowest possible interest rate, the government sells its marketable securities at auctions con¬ducted through Federal Reserve Banks and their branches. Since auctions of T-bills, T-notes, and T-bonds are similar, let’s look at the most frequent Treasury borrowing—the weekly auctions of …