Treasury Reveals Details Of Long-Term Securities Auctions

(RTTNews) - On Thursday, the Treasury Department announced the details of this month's auctions of three-year and ten-year notes and thirty-year bonds.

The Treasury said it plans to sell $40 billion worth of three-year notes, $25 billion worth of ten-year notes and $17 billion worth of thirty-year bonds.

The results of three-year note auction will be announced next Monday, the results of the ten-year note auction will be announced next Tuesday and the results of the thirty-year bond auction will be announced next Wednesday.

Last month, the Treasury sold $38 billion worth of three-year notes, $24 billion worth of ten-year notes and $16 billion worth of thirty-year bonds.

The three-year and ten-year note auctions attracted below average demand, while the thirty-year bond auction attracted modestly above average demand.

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