(RTTNews) - On Thursday, the Treasury Department announced the details of the first auctions of two-year, five-year and seven-year notes of the New Year.
The Treasury revealed it plans to sell $60 billion worth of two-year notes, $61 billion worth of five-year notes and $62 billion worth of seven-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 Thursday.
Last month, the Treasury sold $58 billion worth of two-year notes and $59 billion worth of both five-year notes and seven-year notes. All three auctions attracted below average demand.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
