T-Bill ?

Derf

''Tenders at high rate were alloted at 96.79% On 2023-08-21, tenders at high rate were alloted at 55.99% ''

While checking on today's T-Bill purchase I came across the above notice.

Are large (mega) purchases given a better deal ?

My purchase bid 97.301 yield 5.532 ask 97.354 yield 5.42

Would the yield jump to over 6.532 ?

yogibearbull

See 26-wk T-Bill Auction results for today, 8/21/23. Only the investment rate of 5.531% matters as that was the coupon-equivalent rate that EVERYBODY got. Other data just indicate how the institutional bids were spread out and what % got filled.
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230821_2.pdf

Derf

Thanks @yogibearbull have a great day & hope you're feeling "par".