The US treasury does not set the interest, coupon or discount, rate but leaves the determination of both interest rate and price to the auction process itself.

Question

Quizplus · Accepted Answer

The U.S. Treasury uses an auction process to sell its securities, where the interest rates (for fixed-rate securities) or discount rates are determined by the bidding process, rather than being set by the Treasury itself.

The US Treasury Does Not Set the Interest, Coupon or Discount