US treasury is auction to, 5 and 7 year notes next week | Forexlive
As rates move higher, the US treasury will auction off 2, 5, 7 year notes next week. Yields are at or near their highest cycle levels and levels since 2007/2008.
The details:
- $42 billion of two-year notes on October 25
- $43 billion and 5 year notes on October 26
- $35 billion and 7 year notes on October 27
The 2 year yield is currently at 4.565%. The high for the cycle and going back to August 2007 reached 4.614% earlier today.
The 5 year yield is currently at 4.359%. It reached a high today of 4.409% which was the highest level since August 2007.
The 2 year yield started at 0.75% at the start of January this year and has soared to the upside as the Fed has moved to a more restrictive monetary policy.