FX.co ★ Treasury Reveals Details Of Two-Year, Five-Year & Seven-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 plans to sell $42 billion worth of two-year notes, $43 billion worth of five-year notes and $35 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 Thursday.

Last month, the Treasury also sold $42 billion worth of two-year notes, $43 billion worth of five-year notes and $35 billion worth of seven-year notes.

The two-year and five-year note auctions attracted above average demand, while the seven-year note auction attracted below average demand.

The Treasury announced the results of this month's auction of $15 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted modestly below average demand.