The U.S. Treasury announced plans to offer a new series of long-term bonds for subscription next week, totaling $183 billion.
The Department announced the details of this month’s deals of two- time, five- time and seven- time notes.
The Treasury is set to vend $69 billion in two- time notes, $70 billion in five-time notes, and $44 billion in seven- time notes.
The advertisement of the two- time note transaction results is set for coming Tuesday. This will be followed by the five- time note transaction results on Wednesday and the seven- time note transaction results on Thursday.
Last month, the Treasury also vended $69 billion worth of two- time notes, $70 billion worth of five- time notes and $44 billion worth of seven- time notes, Qatar News Agency reported.
While the two- time note transaction attracted below average demand, the five- time note attracted average demand and the seven- time note transaction drew below average demand.
On Monday, the Treasury Department announced that this month’s transaction of $13 billion in twenty- time bonds entered above-average demand.
Read more: UAE central bank holds interest rates steady, in line with U.S. Fed
U.S. Treasury yield holds steady following Fed’s decision
The 10- time U.S. Treasury yield remained largely unchanged on Wednesday, following the Federal Reserve’s latest interest rate decision.
The standard 10- time Treasury note held steady at 4.391 percent, while the 2- time Treasury yield dropped by further than 1 base point to 3.939 percent.
One base point is equal to 0.01 percent, and yields and prices move in contrary directions. These movements follow the Fed’s decision on Wednesday to keep interest rates steady while maintaining its cast for two rate cuts this time.
Still, the central bank revised its growth prospects over and raised its affectation outlook, signaling concerns about a implicit stagflation scenario that’s causing policymakers to reevaluate their approach.
