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Archive for Monday, August 23, 2004

Treasury notes

August 23, 2004

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— Treasuries were little changed last week after a series of government reports showed the economy firmed a bit last month and inflation remained tame.

Factory output rose solidly. and housing starts climbed to near record levels in July.

Today, Treasury will sell $19 billion in three-month bills and $17 billion in six-month bills, which yielded 1.51 percent and 1.76 percent, respectively, in when-issued trading Friday.

Also today, Treasury will announce details of an auction of four-week bills to take place Tuesday.

The same day, Treasury will announce details of an auction of $25 billion in two-year notes to take place Wednesday.

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