2009 Economic Calendar POWERED BY  Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar 5-Yr Note Announcement   Description of Offering Offering Amount $42.0 B  CUSIP Number 912828ME7  Auction Date December 29, 2009  Issue (Settlement) Date December 31, 2009  Maturity Date December 31, 2014  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 12:00 Noon ET Competitive Bids 1:00 p.m. ET Definition Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold, resell, or trade the securities with other firms. The Treasury announces the amount, date and time of the 5-year note auction monthly. The 5-year notes are announced around the third week of the month (usually on Thursday) and then auctioned the following week. In all cases, the 5-year notes are issued (settled) on the last day of the month, unless it falls on a weekend or holiday, and then they are issued on the next business day. (Department of the Treasury)  Why Investors Care   Order the 2010 Econoday Investor's Journal Print Edition Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by