January 22, 2015 / 4:16 PM / 3 years ago

U.S. to sell fewest 2-year notes in nearly 7 years

NEW YORK, Jan 22 (Reuters) - The U.S. Treasury Department said on Thursday it will, as expected, sell $26 billion in two-year notes next Tuesday, which will be the smallest offering of this maturity since February 2008.

The U.S. government's finance arm has reduced the auction sizes of two- and three-year notes for three straight months due to reduced short-term borrowing needs.

After the two-year note sale, the Treasury will sell $35 billion in five-year debt on Wednesday and $29 billion in seven-year securities on Thursday.

On the open market, the yield on two-year Treasuries last traded at 0.511 percent, up nearly 1 basis point from late on Wednesday. (Reporting by Richard Leong; Editing by James Dalgleish)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below