WASHINGTON (dpa-AFX) - The Treasury Department on Wednesday 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 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 $69 billion worth of two-year notes, $70 billion worth of five-year notes and $44 billion worth of seven-year notes.
While the two-year note auction attracted below average demand, the five-year note attracted average demand and the seven-year note auction drew above average demand.
On Monday, the Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds, revealing the sale attracted above average demand.
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