Treasury To Postpone 2-year Note Auction Over Debt-ceiling Fears

The U.S. Treasury Department said it that it will postpone the 2-year note auction originally scheduled for Tuesday due to the looming debt ceiling. "Due to debt ceiling constraints, there is a risk that Treasury would not be able to settle the 2-year note on Monday, Nov. 2," the Treasury said. The 5-year note and 7-year note auction will proceed as scheduled. Once the debt limit impasse is resolved, Treasury said it will announce a rescheduling of the 2-year note auction. The Treasury says it will have less than $30 billion to meet all of the nation's commitments on Nov. 3.