Treasury Announces Details Of Long-Term Securities Auctions

(RTTNews) - The Treasury Department on Thursday announced the details of the New Year's first auctions of three-year and ten-year notes and thirty-year bonds.

The Treasury said it plans to sell $58 billion worth of three-year notes, $39 billion worth of ten-year notes and $22 billion worth of thirty-year bonds.

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

Last month, the Treasury also sold $58 billion worth of three-year notes, $39 billion worth of ten-year notes and $22 billion worth of thirty-year bonds.

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