AUCTION FUNDAMENTALS

Treasury Notes, Bonds, and TIPS Monthly Patterns

The following is the current pattern of financing for marketable U. S. Treasury notes, bonds, and TIPS. The events are listed in the order in which they normally occur. This outline is provided solely for reference and is not intended to convey information about any particular offering.

Current information on specific upcoming auctions may be obtained from:

January: Announce 10-year TIPS
Auction 10-year TIPS
Issue 10-year TIPS
Announce 20-year TIPS
Announce 2-year note and 5-year note
Auction 20-year TIPS
Auction 2-year note
Auction 5-year note
Issue 20-year TIPS
Issue 2-year note and 5-year note
February: Announce 10-year note, and 30-year bond
Auction 10-year note
Auction 30-year bond
Issue 10-year note, and 30-year bond
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
March: Announce 10-year note
Auction 10-year note
Issue 10-year note
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
April: Announce 10-year TIPS
Auction 10-year TIPS
Issue 10-year TIPS
Announce 5-year TIPS
Announce 2-year note and 5-year note
Auction 5-year TIPS
Auction 2-year note
Auction 5-year note
Issue 5-year TIPS
Issue 2-year note and 5-year note
May: Announce 10-year note, and 30-year bond
Auction 10-year note
Auction 30-year bond
Issue 10-year note, and 30-year bond
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
June: Announce 10-year note
Auction 10-year note
Issue 10-year note
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
July: Announce 10-year TIPS
Auction 10-year TIPS
Issue 10-year TIPS
Announce 20-year TIPS
Announce 2-year note and 5-year note
Auction 20-year TIPS
Auction 2-year note
Auction 5-year note
Issue 20-year TIPS
Issue 2-year note and 5-year note
August: Announce 10-year note, and 30-year bond
Auction 10-year note
Auction 30-year bond*
Issue 10-year note, and 30-year bond
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
September: Announce 10-year note
Auction 10-year note
Issue 10-year note
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
October: Announce 10-year TIPS
Auction 10-year TIPS
Issue 10-year TIPS
Announce 5-year TIPS
Announce 2-year note and 5-year note
Auction 5-year TIPS
Auction 2-year note
Auction 5-year note
Issue 5-year TIPS
Issue 2-year note and 5-year note
November: Announce 10-year note, and 30-year bond
Auction 10-year note
Auction 30-year bond
Issue 10-year note, and 30-year bond
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
December: Announce 10-year note
Auction 10-year note
Issue 10-year note
Announce 2-year note and 5-year note
Auction 2-year note
Auction 5-year note
Issue 2-year note and 5-year note
*Will be auctioned as a 29 3/4-year bond with 3 months of accrued interest.