The US Treasury on Thurs 11am ET.....>

US TSYS/SUPPLY: The US Treasury on Thurs 11am ET also will announce next week's

year-end auctions of 2Y, 5Y, 7Y notes and 2Y FRN reopening. Jefferies economists

Ward McCarthy and Tom Simons project that the Treasury will announce a $26B 2Y

Auction (for sale Dec. 26th), a $13B 2Y FRN reopening (for sale Dec. 27th), a

$34B 5Y auction (for sale Dec. 27th) and a $28B 7Y note auction (for sale Dec.

28th). 

- They added (assuming auction sizes are as above estimates) that the 2Y note

auction will neither raise new cash nor pay down debt; 2Y FRN reopening will

raise $13B in net new cash; and the 5Y will pay down $1.0B, while the 7-year

note will pay down $2.5B. 

- Jefferies economists also expected Tsy will announce for next week's bill

auctions the following: $43.097B 3-month bill auction, $43.097B 6-month auction

and $43.097B four-week T-bill auction.