Thursday morning, the Treasury Department revealed details for its weekly 3 and 6-month bill auctions.

The auction of 3-month bills, also known as 13-week bills, is scheduled to take place next Monday at 1 PM ET. The government plans to sell $30.0 billion worth of the short-term securities that will mature July 9th, 2009.

Previously, the government sold $31.0 billion worth of the security, with the sale drawing a yield of 0.195 percent. The auction attracted strong demand, with the bid-to-cover ratio coming in at a level of 3.09.

The Treasury also announced Thursday that its plans to auction $28.0 billion worth of 6-month securities maturing October 8th, 2009. The sale is scheduled to take place at the same time as the 3-month offering.

The previous auction took place last week, with the government selling $29.0 billion worth of 6-month bills. The auction drew a yield of 0.420 percent while the bid-to-cover ratio came in at a level of 2.88.

Earlier today, the Treasury also revealed the details for auctions of the 52-week bill along with at 10-year inflation protected security known as TIPS.

In the bond markets, treasuries are seeing substantial weakness amid a rally on Wall Street, driving the yield on the benchmark ten-year note up 9.2 basis points to 2.75 percent.

For comments and feedback: contact editorial@rttnews.com