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<p>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.</p><p>
</p><p>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.</p><p> </p><p>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.</p>
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