TreasuryDirect Now Offers Marketable Treasury Securities
On September 29, 2005, TreasuryDirect, our web-based account system, was enhanced to allow account holders to purchase Bills, Notes, Bonds and Inflation-Protected securities (TIPS) as well as Series EE and I savings bonds in one online account.
Marketable securities are those securities that can be bought and sold in the secondary market at prevailing market prices after original issue. The following marketable securities are available in TreasuryDirect: 4, 13, and 26-week Bills; Notes with maturities of 2, 3, 5, and 10 years; 5, 10 and 20-year TIPS and 30-year Bonds. The mix of securities offered may change, as Treasury's borrowing needs change.
Purchases of marketable issues in TreasuryDirect are allowed on a noncompetitive basis in increments of $1,000. Purchasers receive their securities at the same price and yield awarded to competitive bidders in the auctions.
With TreasuryDirect, you can also set up recurring purchases of Treasury securities up to five years in advance.
Another feature of TreasuryDirect, Purchase Express, provides the ability to quickly purchase a security. With this functionality, you select the type of security and the purchase amount. The system uses the original registration you entered when you set up your account and the primary bank account, and schedules your purchase for the next available auction date.