Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions

(RTTNews) - 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 plans to sell $57 billion worth of two-year notes, $58 billion worth of five-year notes and $40 billion worth of seven-year notes.

The results of the 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 Wednesday.

Last month, the Treasury sold $54 billion worth of two-year notes, $55 billion worth of five-year notes and $39 billion worth of seven-year notes, with all three auctions attracting below average demand.

The Treasury announced the results of this month's auction of $13 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted below average demand.