Treasuries and mortgage bonds are higher this morning as further earthquakes struck Japan. The Treasury will start this week’s auction activity today with the sale of $32 billion in 3-year notes, followed by the sale of $21 billion in 10-year notes tomorrow and $13 billion in 30-year bonds on Thursday.
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Tag Archives: 3- Year Notes
Treasury Holds Debt Sale of $32 Billion in 3-Year Notes Today – Market Update
Treasuries and mortgage bonds are fluctuating this morning as investors are increasingly concerned that higher oil prices will push up inflation. This afternoon, the Treasury will hold the first of three debt sales starting with $32 billion in 3-year notes.
Capital Markets Update – Sale of 3-Year Notes Begin
The Treasury will auction off $81 billion in additional notes this week, starting with today’s sale of $40 billion 3-year notes. The 3-year note has recently been a particular favorite of foreign central banks who have represented about 49% of bids at the last few 3-year auctions.
Capital Markets Update – Mortgage Applications Show Slight Improvement
This morning’s release of the MBA Mortgage Applications index showed that applications improved slightly by 0.5% last week. Also, the market will be closely reviewing the 2PM release of the FOMC meeting minutes to garner any information on future policy changes.
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