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Treasury Announces Details Of 2-Year, 5-Year And 7-Year Note Auctions
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 $60 billion worth of two-year notes, $61 billion worth of five-year notes and $62 billion worth of seven-year notes.
The results of two-year note auction will be announced next Tuesday, the results of the five-year note auction will be announced next Wednesday and the results of the seven-year note auction will be announced next Thursday.
Last month, the Treasury also sold $60 billion worth of two-year notes, $61 billion worth of five-year notes and $62 billion worth of seven-year notes.
The two-year and seven-year note auctions attracted below average demand, while the five-year note auction attracted above averaged demand.
The material has been provided by InstaForex Company - www.instaforex.com
Source: www.instaforex.com
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