Yesterday dealers also had to contend with the Treasury's monthly auction of one-year bills.
Terms of the regular monthly auctions of two- and five-year notes will be announced the next week.
But the average discount rate soared at the Treasury's monthly auction of one-year bills.
Next week, for example, the Treasury plans to hold its monthly auction of two- and five-year notes, selling $21 billion worth.
The discount rate compared with 7.22 percent at the last monthly auction of this maturity on July 27.
At the Treasury's last monthly auction of one-year bills, the sale amounted to $9.75 billion.
This Wednesday the Treasury plans to hold its monthly auction of two-year notes.
Today, the Treasury plans to hold its monthly auction of five-year notes, and dealers expect the $9 billion issue also to be well received.
The Treasury held its monthly auction of new one-year bills yesterday.
His own bulletin board holds a monthly on-line auction.
