This week's newsletter expands on our earlier comments on proposals to allow the Fed to pay interest on reserves
Treasury Auction Schedule
May 12
May 13
May 14
May 15
May 16
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 (r)
May 19
May 20
May 21
May 22
May 23
Ann:
4-wk bill
Ann:
3/6-mo bills
2-yr note
5-yr note
Auc:
3/6-mo bills
Auc:
4-wk bills
Settle:
Weekly bills
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
1-yr
Total
4-wk
13-wk
26-wk
1-yr
Total
Date
20-Mar
31.0
24.0
22.0
--
77.0
3.0
3.0
9.0
--
15.0
20-Mar
27-Mar
24.0
24.0
22.0
--
70.0
-7.0
4.0
9.0
--
6.0
27-Mar
3-Apr
18.0
24.0
21.0
--
63.0
-13.0
4.0
7.0
--
-2.0
3-Apr
10-Apr
10.0
24.0
21.0
--
55.0
-21.0
5.0
6.0
--
-10.0
10-Apr
17-Apr
8.0
22.0
20.0
--
50.0
-23.0
2.0
5.0
--
-16.0
17-Apr
24-Apr
8.0
20.0
20.0
--
48.0
-16.0
-1.0
4.0
--
-13.0
24-Apr
1-May
14.0
20.0
20.0
--
54.0
-4.0
-4.5
0.5
--
-8.0
1-May
8-May
24.0
22.0
21.0
--
67.0
14.0
-5.0
-1.0
--
8.0
8-May
15-May
32.0
24.0
23.0
--
79.0
24.0
-4.0
0.0
--
20.0
15-May
22-May
32.0
25.0
24.0
--
81.0
24.0
-3.0
1.0
--
22.0
22-May
29-May
32.0
25.0
24.0
--
81.0
18.0
-3.0
0.0
--
15.0
29-May
5-Jun
24.0
25.0
24.0
15.0
88.0
0.0
-3.0
0.0
15.0
12.0
5-Jun
12-Jun
16.0
25.0
24.0
--
65.0
-16.0
-2.0
1.0
--
-17.0
12-Jun
19-Jun
16.0
25.0
24.0
--
65.0
-16.0
1.0
4.0
--
-11.0
19-Jun
26-Jun
16.0
25.0
24.0
--
65.0
-16.0
1.0
5.0
--
-10.0
26-Jun
3-Jul
22.0
26.0
25.0
15.0
88.0
-2.0
2.0
6.0
15.0
21.0
3-Jul
10-Jul
22.0
27.0
26.0
--
75.0
6.0
0.5
5.5
--
12.0
10-Jul
Cash Management Bills in billions of
dollars;projections in
red
Announce
Auction
Settle
Mature
Length
Amount
12-May
14-May
15-May
16-Jun
32
27.0
13-May
15-May
16-May
31-Jul
76
30.0
28-May
29-May
3-Jun
16-Jun
13
16.0
9-Jun
11-Jun
12-Jun
19-Jun
7
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
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
26.0
2.0
5-yr note
25-Feb
28-Feb
29-Feb
16.0
21.8
20.2
2.0
Mar
10-yr note (r)
10-Mar
13-Mar
17-Mar
10.0
0.0
10.0
2.0
2-yr note
24-Mar
26-Mar
31-Mar
28.0
2.0
5-yr note
24-Mar
27-Mar
31-Mar
18.0
20.3
25.7
2.0
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
30.0
2.0
5-yr note
21-Apr
24-Apr
30-Apr
19.0
21.6
35.4
1.0
May
10-yr note
30-Apr
7-May
15-May
15.0
2.0
30-yr bond (r)
30-Apr
8-May
15-May
6.0
74.0
-53.0
1.0
2-yr note
22-May
28-May
2-Jun
31.0
1.0
5-yr note
22-May
29-May
2-Jun
20.0
22.0
29.0
1.0
Jun
10-yr note (r)
9-Jun
12-Jun
16-Jun
10.0
0.0
10.0
0.0
2-yr note
19-Jun
24-Jun
30-Jun
31.0
0.0
5-yr note
19-Jun
26-Jun
30-Jun
20.0
21.1
29.9
0.0
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
31.0
0.0
5-yr note
21-Jul
24-Jul
31-Jul
20.0
20.0
37.0
0.0
Aug
10-yr note
30-Jul
6-Aug
15-Aug
15.0
0.0
30-yr bond
30-Jul
7-Aug
15-Aug
10.0
43.5
-18.5
1.0
2-yr note
25-Aug
27-Aug
2-Sep
31.0
0.0
5-yr note
25-Aug
28-Aug
2-Sep
20.0
22.0
29.0
0.0
Sep
10-yr note (r)
8-Sep
11-Sep
15-Sep
10.0
14.5
-4.5
0.0
2-yr note
22-Sep
24-Sep
30-Sep
31.0
0.0
5-yr note
22-Sep
25-Sep
30-Sep
20.0
19.1
31.9
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.
--- page break ---
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
21-Apr
CMB
-20.0
-20.0
0.0
-20.0
22-Apr
CMB
-20.0
-20.0
0.0
-20.0
24-Apr
Bills
48.0
-13.0
0.0
-13.0
30-Apr
Coupons
57.0
35.4
-3.0
32.4
-74.2
1-May
Bills
54.0
-8.0
0.0
-8.0
8-May
Bills
67.0
8.0
0.0
8.0
15-May
Bills
79.0
20.0
0.0
20.0
15-May
Coupons
21.0
-53.0
-17.7
-70.7
15-May
CMB
27.0
27.0
0.0
27.0
16-May
CMB
30.0
30.0
0.0
30.0
22-May
Bills
81.0
22.0
0.0
22.0
29-May
Bills
81.0
15.0
0.0
15.0
43.3
2-Jun
Coupons
51.0
29.0
-2.9
26.1
3-Jun
CMB
16.0
16.0
0.0
16.0
5-Jun
Bills
88.0
12.0
-0.5
11.5
12-Jun
CMB
15.0
15.0
0.0
15.0
12-Jun
Bills
65.0
-17.0
0.0
-17.0
16-Jun
CMB
-43.0
-43.0
0.0
-43.0
16-Jun
Coupons
10.0
10.0
-1.2
8.8
19-Jun
Bills
65.0
-11.0
0.0
-11.0
19-Jun
CMB
-15.0
-15.0
0.0
-15.0
26-Jun
Bills
65.0
-10.0
0.0
-10.0
30-Jun
Coupons
51.0
29.9
-3.0
26.8
8.2
3-Jul
Bills
88.0
21.0
-0.5
20.5
10-Jul
Bills
75.0
12.0
0.0
12.0
* Includes coupon interest payments
excluding Fed, bill discounts, and auction premiums or discounts on
reopenings.
This week's newsletter expands on our earlier comments on proposals to allow the Fed to pay interest on reserves
Treasury Auction Schedule
10-yr note
30-yr bond (r)
2-yr note
5-yr note
Regular Weekly Bills
in billions of dollars; projections in red
Cash Management Bills
in billions of dollars;projections in red
Notes and TIPS
in billions of dollars; projections in red
*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.Combined Debt Service Cash Flow
+ is a payment to Treasury; - is a payment to Market; projections in red
* Includes coupon interest payments excluding Fed, bill discounts, and auction premiums or discounts on reopenings.