Amid an increased focus on the bond markets, the Treasury Department on Thursday announced the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds.
The Treasury revealed its plans to sell $58 billion worth of three-year notes, $38 billion worth of ten-year notes and $24 billion worth of thirty-year bonds.
The results of the three-year note auction will be announced next Tuesday, the results of the ten-year note auction will be announced next Wednesday and the results of the thirty-year bond auction will be announced next Thursday.
Last month, the Treasury sold $58 billion worth of three-year notes, $41 billion worth of ten-year notes and $27 billion worth of thirty-year bonds.
The three-year note auction attracted average demand, while the ten-year note and thirty-year bond auctions attracted below average demand.
The material has been provided by InstaForex Company – www.instaforex.com