The Treasury made clear last week that upcoming financing needs will require an extraordinary increase in bill supplies in the weeks ahead, but the bill market paid little attention
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Treasury Auction Schedule

Feb. 4 Feb. 5 Feb. 6 Feb. 7 Feb. 8
Ann: 4-wk bill
      
Ann: 3/6-mo bills
    
Auc: 3/6-mo bills

 Auc: 4-wk bills

 Auc: 10-yr note Auc: 30-yr bond    
            Settle: Weekly bills

    
Feb. 11 Feb. 12 Feb. 13 Feb. 14 Feb. 15
Ann: 4-wk bill
      
Ann: 3/6-mo bills
    
Auc: 3/6-mo bills

 Auc: 4-wk bills

            
            Settle: Weekly bills
10-yr note
30-yr bond
    

 

Jump to top.Treasury Bill & Coupon Supply Calendars

Regular Weekly Bills
in billions of dollars; projections in red

Issue Gross Offering   Net New Cash Issue
Date 4-wk 13-wk 26-wk Total   4-wk 13-wk 26-wk Total Date
13-Dec 23.0 21.0 20.0 64.0   -5.0 1.0 6.0 2.0 13-Dec
20-Dec 20.0 21.0 20.0 61.0 -8.0 3.0 6.0 1.0 20-Dec
27-Dec 15.0 20.0 19.0 54.0   -13.0 4.0 5.0 -4.0 27-Dec
3-Jan 17.0 20.0 19.0 56.0 -12.0 4.0 5.0 -3.0 3-Jan
10-Jan 15.0 19.0 18.0 52.0   -8.0 3.0 4.0 -1.0 10-Jan
17-Jan 9.0 20.0 18.0 47.0 -11.0 4.0 3.0 -4.0 17-Jan
24-Jan 15.0 21.0 19.0 55.0   0.0 3.0 3.0 6.0 24-Jan
31-Jan 20.0 23.0 21.0 64.0 3.0 3.0 4.0 10.0 31-Jan
7-Feb 27.0 23.0 21.0 71.0   12.0 3.0 3.0 18.0 7-Feb
14-Feb 30.0 23.0 21.0 74.0 21.0 3.0 4.0 28.0 14-Feb
21-Feb 30.0 23.0 21.0 74.0   15.0 3.0 4.0 22.0 21-Feb
28-Feb 30.0 23.0 21.0 74.0 10.0 1.0 2.0 13.0 28-Feb
6-Mar 30.0 23.0 21.0 74.0   3.0 2.0 4.0 9.0 6-Mar
13-Mar 30.0 21.0 21.0 72.0 0.0 0.0 6.0 6.0 13-Mar
20-Mar 30.0 19.0 19.0 68.0   0.0 -2.0 6.0 4.0 20-Mar
27-Mar 25.0 17.0 17.0 59.0 -5.0 -3.0 4.0 -4.0 27-Mar
3-Apr 17.0 15.0 15.0 47.0   -13.0 -5.0 1.0 -17.0 3-Apr

 

Cash Management Bills
in billions of dollars;projections in red

Announce Auction Settle Mature Length Amount
12-Feb 13-Feb 15-Feb 17-Apr 62 23.0
27-Feb 28-Feb 3-Mar 24-Apr 52 22.0
4-Mar 5-Mar 7-Mar 17-Mar 10 18.0
27-Mar 31-Mar 1-Apr 15-Apr 14 18.0
7-Apr 8-Apr 10-Apr 14-Apr 4 15.0
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Notes and TIPS
in billions of dollars; projections in red

  Announce Date Auction Date Issue Date Offering Amount Maturing Amount New Cash Change in size from Previous Auction
Nov 10-yr note 31-Oct 7-Nov 15-Nov 13.0           0.0  
  30-yr bond (r) 31-Oct 8-Nov 15-Nov 5.0   51.5   -33.5   0.0  
                         
  2-yr note 26-Nov 28-Nov 30-Nov 20.0           0.0  
  5-yr note 26-Nov 29-Nov 30-Nov 13.0   19.2   13.8   0.0  
                         
Dec 10-yr note (r) 10-Dec 13-Dec 17-Dec 8.0   0.0   8.0   0.0  
                         
  2-yr note 21-Dec 26-Dec 31-Dec 22.0           2.0  
  5-yr note 21-Dec 27-Dec 31-Dec 13.0   19.5   15.5   0.0  
                         
Jan 10-yr TIPS 7-Jan 10-Jan 15-Jan 8.0 19.4 -11.4 0.0
                         
20-yr TIPS 17-Jan 24-Jan 31-Jan 8.0 0.0
  2-yr note 24-Jan 28-Jan 31-Jan 24.0           2.0  
5-yr note 24-Jan 29-Jan 31-Jan 14.0 21.6 24.4 1.0
                         
Feb 10-yr note 30-Jan 6-Feb 15-Feb 13.0           0.0  
  30-yr bond 30-Jan 7-Feb 15-Feb 9.0   54.5   -32.5   0.0  
                         
  2-yr note 25-Feb 27-Feb 29-Feb 25.0           1.0  
5-yr note 28-Feb 28-Feb 29-Feb 15.0 21.8 18.2 1.0
                         
Mar 10-yr note (r) 10-Mar 13-Mar 17-Mar 8.0 0.0 8.0 0.0
                         
2-yr note 24-Mar 26-Mar 31-Mar 26.0 1.0
  5-yr note 24-Mar 27-Mar 31-Mar 16.0   20.3   21.7   1.0  
                         
Apr 10-yr TIPS (r) 7-Apr 10-Apr 15-Apr 6.0   0.0   6.0   0.0  
                         
  5-yr TIPS 17-Apr 22-Apr 30-Apr 8.0           0.0  
2-yr note 21-Apr 23-Apr 30-Apr 26.0 0.0
  5-yr note 21-Apr 24-Apr 30-Apr 16.0   21.6   28.4   0.0  
                         
May 10-yr note 30-Apr 7-May 15-May 14.0           1.0  
30-yr bond (r) 30-Apr 8-May 15-May 6.0 74.0 -54.0 1.0
                         
2-yr note 22-May 28-May 2-Jun 27.0 1.0
  5-yr note 22-May 29-May 2-Jun 17.0   22.0   22.0   1.0  
                         
Jun 10-yr note (r) 9-Jun 12-Jun 16-Jun 9.0   0.0   9.0   1.0  
                         
  2-yr note 19-Jun 24-Jun 30-Jun 28.0           1.0  
5-yr note 19-Jun 26-Jun 30-Jun 18.0 21.1 24.9 1.0
                         
Jul 10-yr TIPS 7-Jul 10-Jul 15-Jul 8.0 0.0 8.0 0.0
                         
20-yr TIPS (r) 17-Jul 22-Jul 31-Jul 6.0 0.0
  2-yr note 21-Jul 23-Jul 31-Jul 28.0           0.0  
5-yr note 21-Jul 24-Jul 31-Jul 18.0 20.0 32.0 0.0

*The "change in size from previous auction" refers to the change from the previous new issue; for reopenings, it refers to the change in size from the previous reopening in that maturity.

 

For the Agency Bellwether Coupon Offering Schedule, please click here.
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Combined Debt Service Cash Flow

+ is a payment to Treasury; - is a payment to Market; projections in red

Date   Type   Gross Issue Net Borrowing Interest / Discount* Net Debt Service Payment Monthly Total Net Debt Svc
15-Jan Coupons 8.0 -11.4 -5.2 -16.6
17-Jan   Bills   47.0   -4.0   -0.7   -4.7      
24-Jan Bills 55.0 6.0 -0.8 5.2
31-Jan   Bills   64.0   10.0   -0.8   9.2      
31-Jan Coupons 46.0 24.4 -2.8 21.7 9.3
7-Feb   Bills   71.0   18.0   -0.8   17.2      
14-Feb Bills 74.0 28.0 -0.9 27.2
15-Feb   CMB   23.0   23.0   0.0   23.0      
15-Feb Coupons 22.0 -32.5 -22.1 -54.6
21-Feb   Bills   74.0   22.0   -0.9   21.2      
28-Feb Bills 74.0 13.0 -0.9 12.2
29-Feb   Coupons   40.0   18.2   -2.9   15.3   61.3  
3-Mar CMB 22.0 22.0 0.0 22.0
6-Mar   Bills   74.0   9.0   -0.9   8.2      
7-Mar CMB 18.0 18.0 0.0 18.0
13-Mar   Bills   72.0   6.0   -0.8   5.2      
17-Mar CMBs -18.0 -18.0 0.0 -18.0
17-Mar   Coupons   8.0   8.0   -1.2   6.8      
20-Mar Bills 68.0 4.0 -0.8 3.2
27-Mar   Bills   59.0   -4.0   -0.7   -4.7      
31-Mar Coupons 42.0 21.7 -2.9 18.8 37.5
1-Apr   CMB   18.0   18.0   0.0   18.0      
3-Apr Bills 47.0 -17.0 -0.6 -17.6

* Includes coupon interest payments excluding Fed, bill discounts, and auction premiums or discounts on reopenings.

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