US Treasury To Sell $112 Billion In Notes Next Week

NEW YORK — The Treasury Department said Thursday it will issue $112 billion in notes next week. A record $43 billion in 2-year notes will be sold on Tuesday, followed by $40 billion in 5-year debt on Wednesday.

The final offering will be $49 billion in 7-year notes on Thursday. The amounts are each $1 billion more than last month — the most ever for each security — and in line with estimates of some of Wall Street’s biggest bond dealers.

– Related article: Are Foreign Purchases of US Treasury Bonds Being Faked?

The government will also sell $85 billion in shorter-term bills. After the announcement, 2-year note yields, which move inversely to prices, remained up 1 basis point on the day, at 1%, the highest this month.

Thursday, September 17, 2009

Source: Fox News

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.