Treasury Announces Details Of 2-Year, 5-Year And 7-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 $56 billion worth of both two-year notes and seven-year notes and $57 billion worth of five-year notes.

The results of the two-year note auction will be announced next Monday, the results of the five-year note auction will be announced next Tuesday and the results of the seven-year note auction will be announced next Wednesday.

Last month, the Treasury sold $58 billion worth of two-year notes and $59 billion worth of both five-year and seven-year notes.

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