US to lower minimum purchase of govt debt in April
WASHINGTON, March 21 (Reuters) - Individual investors will be able to purchase U.S. Treasury debt securities in increments as small as $100 starting with the April 7 auction of 3- and 6-month bills, the Treasury said on Friday.
The reduction of the minimum trading increment comes as U.S. government borrowing needs are rising. Previously, Treasury debt could be traded only in increments of $1,000, shutting out many small investors.















