syn.: single-price auction An auction technique in which bonds are sold at the lowest accepted price (or the highest yield), i.e., the price necessary to sell the full amount of the issue; used to sell Government of Canada Real Return Bonds. SEE ALSO Government of Canada securities auction

Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions. Often used in ris [..]