FX.co ★ Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions

The Treasury Department disclosed the specifics of this month's auctions for two-year, five-year, and seven-year notes on Thursday.

According to the announcement, the Treasury plans to auction $69 billion in two-year notes, $70 billion in five-year notes, and $44 billion in seven-year notes.

The results from the two-year note auction will be published next Tuesday, while the five-year note auction results will be released on Wednesday, and the seven-year note auction results will be available on Thursday.

Last month, a similar sale took place, with the Treasury auctioning $69 billion in two-year notes, $70 billion in five-year notes, and $44 billion in seven-year notes.

The auctions saw varied demand levels: the two-year and seven-year notes had higher-than-average demand, whereas the five-year notes encountered average demand.

In contrast, Wednesday’s auction of twenty-year bonds saw the Treasury face below-average interest for $16 billion worth of these bonds.