Don’t miss out on this opportunity to invest in 2-year frns

  • U.S. Treasury to auction $28 billion in 2-year frns on Wednesday
  • Debt will settle on Jan. 31, 2024 and mature on Jan. 31, 2026
  • Federal Reserve holds $27.478 billion of maturing securities
  • Noncompetitive tenders must be received by 11:00 AM ET, competitive tenders by 11:30 AM ET

The U.S. Treasury is planning to auction $28 billion in 2-year floating rate notes (FRNs) on Wednesday. The debt will settle on January 31, 2024, and mature on January 31, 2026. The Federal Reserve currently holds $27.478 billion of maturing securities for its own account. Noncompetitive tenders for the 2-year FRNs, available in minimum denominations of $100, must be received by 11:00 AM Eastern Time on Wednesday. Competitive tenders, also available in minimum denominations of $100, must be received by 11:30 AM Eastern Time. Don’t miss out on this opportunity to invest in 2-year FRNs. The CUSIP number for the auction is 91282CJU6 (Data provided by the U.S. Treasury Department).

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Factuality Level: 10
Justification: The article provides factual information about the U.S. Treasury’s plan to auction $28 billion in 2-year frns, including settlement and maturity dates, the amount held by the Federal Reserve, and the tender requirements. The information is straightforward and does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact.

Noise Level: 2
Justification: The article provides clear and concise information about the U.S. Treasury’s plan to auction $28 billion in 2-year frns. It includes details about settlement and maturity dates, the Federal Reserve’s holdings, and the tender requirements. The article stays on topic and provides relevant information without any noise or filler content.

Financial Relevance: Yes
Financial Markets Impacted: The auction of $28 billion in 2-year frns by the U.S. Treasury may impact the bond market and investors.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to financial topics as it discusses the U.S. Treasury’s plan to auction $28 billion in 2-year frns. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com