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US Treasury Auction Calendar

Treasury's quarterly Refunding announcement was largely in line with MNI's expectations:

  • Expected nominal coupon sizes were left unchanged across the board for the coming quarter (see table below).
  • 20Y Note sizes were maintained, though there had been some anticipation that they could be pared. (20s underperformed in the aftermath of the announcement.)
  • TIPS and FRN sizes were left mostly unchanged, with the notable exception of the 5Y TIPS re-open in December which has been upsized by $1B to $19B. MNI had anticipated a potential uptick in TIPS sizes.
  • Buybacks were on the agenda, but still in the early phases: ""Treasury expects to share its findings on buybacks as part of future quarterly refundings. Treasury has not made any decision on whether or how to implement a buyback program but will provide ample notice to the public on any decisions."
Updated calendar through April 2023:
DateTimeAmtSecurityCUSIP, Yield
31-Oct1130ET$57B13W Bill(912796XT1), 4.07%
31-Oct1130ET$45B26W Bill(912796YW3), 4.44%
1-Nov1130ET$34B52W Bill(912796YT0), 4.505%
2-Nov1130ET$33B17W Bill(912796Y86), 4.280%
3-Nov1130ET$65B4W Bill(912796YX1)
3-Nov1130ET$55B8W Bill(912796ZH5)
7-Nov1130ETTBA13W Bill(912796XZ7)
7-Nov1130ETTBA26W Bill(912796ZE2)
8-Nov1300ET$40B3Y Note(91282CFW6)
9-Nov1300ET$35B10Y Note(91282CFV8)
10-Nov1300ET$21B30Y Bond(912810TL2)
16-Nov1300ETTBA20Y Bond10-Nov
17-Nov1300ETTBA10Y TIPS Re-open10-Nov
21-Nov1130ETTBA2Y Note17-Nov
21-Nov1300ETTBA5Y Note17-Nov
22-Nov1130ETTBA2Y Note FRN R/O17-Nov
22-Nov1300ETTBA7Y Note17-Nov
12-Dec1130ETTBA3Y Note8-Dec
12-Dec1300ETTBA10Y Note Reopen8-Dec
13-Dec1300ETTBA30Y Bond Reopen8-Dec
21-Dec1300ETTBA5Y TIPS Reopen15-Dec
22-Dec1300ETTBA20Y Bond Reopen15-Dec
27-Dec1300ETTBA2Y Note22-Dec
28-Dec1130ETTBA2Y Note FRN R/O22-Dec
28-Dec1300ETTBA5Y Note22-Dec
29-Dec1300ETTBA7Y Note22-Dec
10-Jan1300ETTBA3Y Note5-Jan
11-Jan1300ETTBA10Y Note Reopen5-Jan
12-Jan1300ETTBA30Y Bond Reopen5-Jan
18-Jan1300ETTBA20Y Bond Reopen12-Jan
19-Jan1300ETTBA10Y TIPS12-Jan
24-Jan1300ETTBA2Y Note19-Jan
25-Jan1130ETTBA2Y Note FRN19-Jan
25-Jan1300ETTBA5Y Note19-Jan
26-Jan1300ETTBA7Y Note19-Jan
7-Feb1300ETTBA3Y Note1-Feb
8-Feb1300ETTBA10Y Note1-Feb
9-Feb1300ETTBA30Y Bond1-Feb
15-Feb1300ETTBA20Y Bond9-Feb
16-Feb1300ETTBA30Y TIPS9-Feb
21-Feb1300ETTBA2Y Note16-Feb
22-Feb1130ETTBA2Y Note FRN R/O16-Feb
22-Feb1300ETTBA5Y Note16-Feb
23-Feb1300ETTBA7Y Note16-Feb
7-Mar1300ETTBA3Y Note2-Mar
8-Mar1300ETTBA10Y Note R/O2-Mar
9-Mar1300ETTBA30Y Bond R/O2-Mar
21-Mar1300ETTBA20Y Bond R/O16-Mar
23-Mar1300ETTBA10Y TIPS R/O16-Mar
27-Mar1300ETTBA2Y Note23-Mar
28-Mar1300ETTBA5Y Note23-Mar
29-Mar1130ETTBA2Y Note FRN R/O23-Mar
29-Mar1300ETTBA7Y Note23-Mar
11-Apr1300ETTBA3Y Note6-Apr
12-Apr1300ETTBA10Y Note R/O6-Apr
13-Apr1300ETTBA30Y Bond R/O6-Apr
19-Apr1300ETTBA20Y Bond R/O13-Apr
20-Apr1300ETTBA5Y TIPS13-Apr
25-Apr1300ETTBA2Y Note20-Apr
26-Apr1130ETTBA2Y Note FRN20-Apr
26-Apr1300ETTBA5Y Note20-Apr
27-Apr1300ETTBA7Y Note20-Apr

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