The Treasury Department on Thursday announced the details of this month’s auctions of two-year, five-year and seven-year notes.
The Treasury revealed it plans to sell $58 billion worth of two-year notes and $59 billion worth of both five-year notes and seven-year notes.
The results of the two-year and five-year note auctions will be announced next Monday, while the results of the seven-year note auction will be announced next Tuesday.
Last month, the Treasury sold $56 billion worth of two-year notes, $57 billion worth of five-year notes and $56 billion worth of seven-year notes.
The two-year note auction attracted above average demand, but the five-year and seven-year note auctions attracted below average demand.
The material has been provided by InstaForex Company – www.instaforex.com