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Single price auction

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Single-price auction

Single-price auctions are a pricing method in securities auctions that give all participants to issue the same purchase price.

U.S. Treasury Auctions

United States Treasury security auctions are conducted using the single-price auction method. In a single-price auction, all successful competitive bidders and all noncompetitive bidders are awarded securities at the price equivalent to the highest rate or yield of accepted competitive tenders. These securities include:

  • Treasury bills
  • Treasury notes
  • Treasury bonds
  • Treasury Inflation-Protected Securities (TIPS)
  • References

    Single-price auction Wikipedia