California Treasury Auctions

California Treasury Auctions are processes where the state sells bonds and other securities to investors to raise funds for public projects like schools and infrastructure. Investors bid to purchase these securities, effectively lending money to the state. The auctions determine the interest rates and prices for these bonds based on the bids received. This method helps California access capital efficiently while offering investors a safe investment with a fixed return. The auctions are typically transparent, with detailed information available to ensure fair participation by all interested parties.