The Treasury Department on Thursday announced the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds.
The Treasury revealed its plans to sell $40 billion worth of three-year notes, $32 billion worth of ten-year notes and $18 billion worth of thirty-year bonds.
The results of both the three-year and ten-year notes auctions will be announced next Monday, while the results of the thirty-year bond auction will be announced next Tuesday.
Last month, the Treasury sold $40 billion worth of three-year notes, $35 billion worth of ten-year notes and $21 billion worth of thirty-year bonds.
The three-year note and thirty-year bond auctions attracted above average demand, while the ten-year note auction attracted well below average demand.
The material has been provided by InstaForex Company – www.instaforex.com
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