Written Questions are submitted by MPs or Lords to receive information from a Department.
|31 Jul 2018, 12:07 p.m.||Lord Kennedy of Southwark (Labour - Life peer)||Lord Kennedy of Southwark (Labour - Life peer)|
Question to the HM Treasury
To ask Her Majesty's Government what UK Treasury Bills are available for purchase on any given day.
Answer (Lord Bates)
Treasury bills are typically sold by the UK Debt Management Office (DMO) via regular tenders each Friday morning. Maturities currently offered for sale are one-month, three-month and six-month bills. Alongside the results of each Friday morning’s tender, the DMO also announces the amounts for sale via tender for the following Friday.
In addition, on any business day, the DMO can sell either new or existing Treasury bills (which match those previously sold at a tender) bilaterally on request from its counterparties, provided that such issuance is consistent with the DMO’s cash management operational requirements.
Finally, Treasury Bill Primary Participants (banks) may also offer a market-making service in all Treasury bills to their own counterparties on any business day.