Treasury Announces 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 $69 billion worth of two-year notes, $70 billion worth of five-year notes and $44 billion worth of seven-year notes.

The results of both the two-year and five-year note auctions are due to be announced next Monday, while the results of seven-year note auction are due to be announced next Tuesday.

Last month, the Treasury also sold $69 billion worth of two-year notes, $70 billion worth of five-year notes and $44 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 above average demand.