Treasury Reveals Details Of Long-Term Securities Auctions

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The Treasury Department on Wednesday announced the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds.

The Treasury revealed it plans to sell $58 billion worth of three-year notes, $41 billion worth of ten-year notes and $27 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 thirty-year bond auction will be announced next Thursday.

Last month, the Treasury sold $58 billion worth of three-year notes, $38 billion worth of ten-year notes and $24 billion worth of thirty-year bonds.

The three-year note auction attracted average demand, the ten-year note auction attracted roughly average demand and thirty-year bond auction attracted below average demand.

The material has been provided by InstaForex Company – www.instaforex.com

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