Treasury buybacks · tentative schedule
Treasury buyback schedule
As of , Treasury's next buyback, on , buys up to $2.00 billion of Nominal Coupons 10Y to 20Y.
The most each buyback operation of this calendar buys, on its day, 18 August 2026 to 5 November 2026
- Nominal coupons 15
- TIPS 3
- The next operation,
- The data date,
The years of maturities each buyback operation of this calendar buys
- Nominal coupons 15
- TIPS 3
Each operation from 28 October 2026 on, by the most it buys
Each operation of this calendar before 28 October 2026, by the most it buys
Each stem is one operation's maximum, drawn from zero; each window bar is the span of maturities it buys. Operations are named by their day and maturity bucket (nominal coupons unless marked TIPS), and every one is in the tables under "The numbers behind the schedule".
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Observed .
Right now
Treasury's next buyback is on , for up to $2.00 billion of Nominal Coupons 10Y to 20Y.
2 operations are ahead to ; 16 came before, since .
Next
The Nominal Coupons 10Y to 20Y operation buys securities maturing from to , between 13:40 and 14:00 Eastern (liquidity support).
This calendar
August 2026 Refunding Tentative Buyback Calendar V1 runs from to , with 18 operations.
Understanding Treasury buybacks
Where it stands today
The next operation buys up to $2.00 billion on .
What is a buyback?
In a buyback Treasury buys back its own older securities before they mature. Liquidity support operations buy off-the-run securities in a maturity bucket, up to the amount shown; cash management operations buy securities that mature soon, to smooth Treasury's cash balance.
Read more
Treasury announces each operation the business day before and may change or cancel it.
What this calendar cannot tell
- A tentative calendar: the amount bought can be anything from zero to the maximum shown.
- This calendar runs from 18 August 2026 to 5 November 2026; Treasury publishes the next one with its next quarterly refunding.
The numbers behind the schedule
Which operations are ahead?2 operations, oldest first
| Date | Bucket | Purpose | Up to | Maturities | Window (ET) |
|---|---|---|---|---|---|
| Nominal Coupons 10Y to 20Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 1Mo to 2Y | Liquidity support | $4.00 billion | 13:40 to 14:00 |
The table scrolls sideways; the first column stays in place.
Which operations of this calendar have passed?16 operations, oldest first
| Date | Bucket | Purpose | Up to | Maturities | Window (ET) |
|---|---|---|---|---|---|
| Nominal Coupons 20Y to 30Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 3Y to 5Y | Liquidity support | $4.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 5Y to 7Y | Liquidity support | $4.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 1Mo to 2Y | Cash management | $12.50 billion | 13:40 to 14:00 | ||
| Nominal Coupons 1Mo to 2Y | Cash management | $12.50 billion | 13:40 to 14:00 | ||
| Nominal Coupons 10Y to 20Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| TIPS 10Y to 30Y | Liquidity support | $500.00 million | 13:40 to 14:00 | ||
| Nominal Coupons 7Y to 10Y | Liquidity support | $4.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 20Y to 30Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| TIPS 1Y to 10Y | Liquidity support | $750.00 million | 13:40 to 14:00 | ||
| Nominal Coupons 10Y to 20Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 2Y to 3Y | Liquidity support | $4.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 20Y to 30Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| Nominal Coupons 10Y to 20Y | Liquidity support | $2.00 billion | 13:40 to 14:00 | ||
| TIPS 1Y to 10Y | Liquidity support | $750.00 million | 13:40 to 14:00 | ||
| Nominal Coupons 20Y to 30Y | Liquidity support | $2.00 billion | 13:40 to 14:00 |
The table scrolls sideways; the first column stays in place.
When are the figures from?
Observed .
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