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Intro The U.S. Treasury announces an auction in which they will sell $500M in 3-Month T-Bills. They receive the following set of bids: Non-Competitive Bids

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Intro The U.S. Treasury announces an auction in which they will sell $500M in 3-Month T-Bills. They receive the following set of bids: Non-Competitive Bids Goldman Sachs Citigroup $19M $17M Competitive Bids 0.41% $131M $149M 0.46% Royal Bank of Canada Deutsche Bank Citigroup Societe Generale $130M 0.61% 0.52% $133M $150M Bank of America 0.59% Part 1 Attempt 1/3 for 10 pts. Which of the following participants will receive some bonds in this auction? Check all that apply: Citigroup Goldman Sachs Royal Bank of Canada Deutsche Bank Bank of America Societe Generale Submit Attempt 1/3 for 10 pts. Part 2 At what yield will the bonds be issued? O 0.61% 0.52% 0.46% 0.41% 0.59% Submit

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