FX.co ★ Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions

The U.S. Treasury Department has outlined the specifics for this month's auctions, featuring two-year, five-year, and seven-year notes. The Department will be auctioning $69 billion in two-year notes, $70 billion in five-year notes, and $44 billion in seven-year notes. The results for the two-year note auction are scheduled to be released next Monday, followed by the five-year note results on Tuesday, and the seven-year note outcomes on Wednesday. Last month's auctions included identical amounts for each category: $69 billion in two-year notes, $70 billion in five-year, and $44 billion in seven-year notes. During that cycle, demand varied with the two-year notes experiencing below-average interest, whereas the five-year notes saw average demand, and the seven-year notes experienced significantly higher than average interest. Additionally, the Treasury reported that the recent auction of $16 billion in twenty-year bonds showed notably lower demand than expected.