Schedule Of Auction Reopenings
For other views of auction schedules, you may want one of these pages instead:
When we hold a reopening auction, we are selling additional amounts of a previously issued security.
The reopened security has the same CUSIP number, maturity date, and interest rate or spread as the original security, but it has a different issue date and usually a different price.
As with any Treasury auction, the price for a reopened security is decided by the auction. If the price is more than the par value of the security, you pay a premium.
Sometimes, with a reopened security, you may have to pay accrued interest. If this is the case, you get that interest back with the first regular interest payment for that security.
If you bid in a reopening, check after the auction to see if you owe a premium or accrued interest or both. By the issue date, you must have the necessary funds in your account to pay for the security.
If you bid through your TreasuryDirect account, you can see the results of your bid after 5 PM Eastern time on auction day. In your TreasuryDirect account, chose Current Holdings, then Pending Purchases and Reinvestments. The price you see is for each $100 of your bid.
Note: Bills have no reopenings. Instead, when needed, we auction short-term Cash Management Bills. (See the page about Bills).
Bonds
| Term | Original issue | Reopening | Comments |
|---|---|---|---|
| 20-years Bonds and 30-year Bonds | February | March, April | Reopened one month after original issuance and then reopened a 2nd time two months after original issuance |
| May | June, July | ||
| August | September, October | ||
| November | December, January |
Notes
We reopen only the 10-year note.
| Term | Original issue | Reopening | Comments |
|---|---|---|---|
| 10-year Notes | February | March, April | Reopened one month after original issuance and then reopened a 2nd time two months after original issuance |
| May | June, July | ||
| August | September, October | ||
| November | December, January |
Treasury Inflation-Protected Securities (TIPS)
| Term | Original issue | Reopening | Comments |
|---|---|---|---|
| 5-year TIPS | April | June | Reopened two months after original issuance |
| October | December | ||
| 10-year TIPS | January | March, May | Reopened two months after original issuance and then reopened a 2nd time four months after original issuance |
| July | September, November | ||
| 30-year TIPS | February | August | Reopened six months after original issuance |
Floating Rate Notes (FRNs)
| Term | Original issue | Reopening | Comments |
|---|---|---|---|
| 2-year FRN | January | February, March | Reopened one month after original issuance and then reopened a 2nd time two months after original issuance |
| April | May, June | ||
| July | August, September | ||
| October | November, December |