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Money Markets

Money Markets

Treasury bill Tender Results

On 14 January 2000, the DMO took over responsibility from the Bank of England for the conduct of Treasury bill tenders, although the Bank retained responsibility for determining the size and maturity of tenders until 3 April 2000.

Treasury bills are routinely issued at weekly tenders, held by the DMO on the last business day of each week (i.e. usually on Fridays), for settlement on the following business day. Treasury bills can be issued with maturities of 1 month (approximately 28 days), 3 months (approximately 91 days), 6 months (approximately 182 days) or 12 months (up to 364 days), although to date no 12 month tenders have been held.

The DMO announces the size of each week's tender and the maturity of the bills on offer at the preceding week's tender. Following the final tender at the end of each quarter, the DMO issues a notice outlining the maturities of Treasury bills available in each week of the following quarter. For more details of the rules and regulations governing Treasury bill tenders see PDFExchequer Cash Management in the UK. In addition to routine weekly tenders the DMO can also conduct “ad hoc” Treasury bill tenders, as well as repo and reverse repo tenders.

The results of all Treasury bill tenders since 14 January 2000 (including those of “ad hoc” Treasury bill and reverse repo tenders) can be accessed using the links below. The first option provides detailed information on the results of individual Treasury bill tenders. Time series results from tenders can be retrieved using of one of the two remaining options – the first provides summary tender information in a fixed format, while the second enables a more comprehensive range of information to be retrieved using criteria selected by the user.

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