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FX

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Treasury bills

Auction sequence and why a remembered yield is not a print.

Daily Brief

File now12 mintreasury / ALM

When the T-bill result notice posts: a 12-minute file

  • Facts
  • Analysis

The habit brief: what a treasury desk files in the twelve minutes after CBK publishes a Treasury bill result notice — without inventing this week’s print.

  • The result notice is the only official print. Until it is up, the desk holds a blank.
  • Copy offered, bids, accepted amount, and the weighted average rate as the Bank prints them — then stop.
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Daily Brief

Cadence6 mintreasury / ALM

How to read a Treasury bill calendar without inventing the print

  • Facts
  • Analysis

A method for using CBK auction calendars and result notices as primary sources — tenors, announcement, auction, and settlement — without treating a remembered yield as a fact.

  • A T-bill week has a sequence: announcement, auction, results, settlement. Each step has its own primary document.
  • Tenors (91, 182, 364 days) are structural. The accepted yield is not — it exists only in the published result.
  • If you cannot point to the CBK result notice, you do not have a print. You have a memory.
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