MW: Treasury to sell $118 billion in notes next week
NEW YORK (MarketWatch) -- The Treasury Department said on Thursday it will sell $22 billion in 2-year notes (UST2YR 0.70, -0.04, -5.56%) on Monday, matching the record amount of the securities sold last month. That sale will be followed by $42 billion in 5-year notes (UST5YR 2.15, -0.04, -1.69%) on Tuesday and $32 billion in 7-year notes the day after that. The latter two sales set new records for the most ever sold and are $1 billion more than October's sales. The amounts are in line with expectations of the bond market. Ten-year note yields (UST10Y 3.33, -0.03, -1.01%) , which move inversely to prices, remained down by 6 basis points at 3.31%.
