The Treasury Department yesterday said it will raise $20.181 billion of new cash by auctioning $16 billion of five-year notes on Feb. 28 and $26 billion of two-year notes on Feb. 27.
Treasury will refund $21.819 billion with the auction.
The five-years are dated Feb. 29 and due Feb. 28, 2013.
The two-years are dated Feb. 29 and due Feb. 28, 2010.