The US Treasury stated today, Thursday, that it plans to offer a fresh round of long-term bonds for subscription throughout the course of the upcoming week, totaling $ 120 billion.
The ministry stated that it will offer two -year bonds worth 42 billion dollars, and 5 -year bonds of $ 43 billion, provided that the offering week will be concluded by selling bonds of 7 years worth 35 billion dollars.
Next Tuesday for the two-year bonds, Wednesday for the five-year bonds, and Thursday for the seven-year bonds, the Ministry of Treasury is expected to announce the results of the subscriptions.
Last month, the ministry sold two years of bonds worth $ 43 billion, and 5 -year bonds worth 44 billion dollars, and concluded the week of offering to sell bonds of 7 years worth 36 billion dollars.
Two-year-old bonds saw less demand than usual, but demand for seven-year bonds was significantly greater than usual.
And because the subscription arrived in this offering a little bit lower than usual, the US Treasury revealed yesterday the outcome of a bid for the sale of 20-year-old bonds worth $12 billion.
The return on these bonds, according to the Ministry, was 4. 395%, and the coverage rate was 2. 30 times.
The ministry sold $ 14 billion in bonds last month because they had a 3. 420% yield and a 2. 50 times coverage rate.
Next week, the US Treasury plans to issue $ 120 billion worth of bonds.
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