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I believe the rate is determined by the bidders at the auction and not by the Treasury. https://www.treasurydirect.gov/instit/auctfund/work/work.htm https://ww
by irln 11y ago
I believe the rate is determined by the bidders at the auction and not by the Treasury.
https://www.treasurydirect.gov/instit/auctfund/work/work.htm https://www.treasurydirect.gov/instit/auctfund/work/work.htm
- igravious 11y agoExactly, otherwise Greece and other countries wouldn't have been locked out of the commercial markets if they could set rates. German rates were/are low because the German economy is thought to be a decent shape, Greek rates are high because the opposite.