How often does the US Treasury hold auctions?

Treasury holds bill auctions throughout the year, but frequency varies by tenor: 52-week bills normally run every four weeks. Notes and bonds follow regular issuance cycles. Verify current dates in TreasuryDirect’s official auction schedule and announcements.

What time do Treasury auctions close?

Competitive bidding for bills normally closes at 11:30am Eastern Time and for notes and bonds at 1:00pm Eastern Time. Noncompetitive bidding has an earlier deadline. UK equivalents vary around US and UK daylight-saving transitions; check the official announcement for each sale.

Why do Treasury auction results move markets?

The stop-out yield versus the pre-auction when-issued level (the tail), the bid-to-cover ratio and the share taken by indirect bidders show how much demand exists for US government debt. A weak auction pushes yields higher and typically pressures equities and supports the dollar.

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2026 Treasury Auction Schedule: Dates & Times (2Y–30Y)

Quick answer: this is the 2026 Treasury auction schedule with auction dates and times. The next expected note or bond auction is the 3-year note on Tue, 10 Nov 2026, closing at 1:00pm ET (estimate, not yet confirmed). Treasury sells bills every week and notes and bonds every month. The table below lists the next expected 2-, 3-, 5-, 7-, 10- and 30-year sales; use the TreasuryDirect links on this page to confirm each one.

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Estimated US Treasury auction dates for the 2-year, 3-year, 5-year, 7-year and 10-year notes and the 30-year bond, plus the weekly bill calendar. Bills close at 11:30am ET; notes and bonds close at 1:00pm ET for competitive bids. The 3-year, 10-year and 30-year run mid-month and the 2-year, 5-year and 7-year in the final week. Dates below follow Treasury's standard cycle and are not confirmed announcements. Holidays and issuance changes can move them. Verify each sale, date and size in Treasury's official upcoming auctions and announcements.

Auction results — the stop-out yield, the tail against when-issued, the bid-to-cover ratio and indirect bidder share — are one of the cleanest live reads on demand for US government debt, and a soft 10-year or 30-year sale can move global yields within seconds.

When is the next Treasury auction?

The next estimated coupon auction in this cycle-based guide is the 3-year note on Tue, 10 Nov 2026, with bidding closing at 1:00pm ET. Treasury bills are auctioned every week alongside it. Most sensitive to near-term Fed pricing. This is not a confirmed auction date; check Treasury's official upcoming auctions and announcements before relying on it.

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Days to estimate

1:00pm

Close (ET)

Treasury auction schedule: quick answers

Where can I find confirmed Treasury auction dates?: Use TreasuryDirect's upcoming auctions and announcements to check the security, auction date, offering amount and bidding deadlines. The dates in our table are cycle-based estimates, not an official auction calendar.
Is the auction date the same as the settlement date?: No. The auction date is when Treasury accepts bids; the issue (settlement) date is when the security is issued and payment is due. Treasury lists these dates separately. Our table shows estimated auction dates, not settlement dates.
Can the auction schedule change?: Yes. Holidays and issuance changes can move auctions. Treasury's official auction timing guide and tentative schedule provide the current framework; verify each sale against its announcement.
What are the auction deadlines in UK time?: When London is five hours ahead of US Eastern, the usual competitive deadlines are 4:30pm UK for bills and 6:00pm UK for notes and bonds. The gap temporarily becomes four hours around daylight-saving transitions, so check the conversion for the auction date.

Estimated note & bond auction dates

Estimated date	Security	Close (ET)	Cycle	Why it matters	Official source
Tue, 10 Nov 2026Estimated	3-year note	1:00pm	Mid-month	Most sensitive to near-term Fed pricing.	Verify with Treasury
Wed, 11 Nov 2026Estimated	10-year note	1:00pm	Mid-month	The benchmark auction — the one that moves global rates.	Verify with Treasury
Thu, 12 Nov 2026Estimated	30-year bond	1:00pm	Mid-month	Thinnest demand; weak tails hit long-duration assets hardest.	Verify with Treasury
Tue, 24 Nov 2026Estimated	2-year note	1:00pm	End-of-month	A direct read on how the market prices the next few FOMC meetings.	Verify with Treasury
Wed, 25 Nov 2026Estimated	5-year note	1:00pm	End-of-month	The belly of the curve — watch indirect (foreign) bidder share.	Verify with Treasury
Thu, 26 Nov 2026Estimated	7-year note	1:00pm	End-of-month	Historically the most prone to soft demand and tails.	Verify with Treasury
Tue, 8 Dec 2026Estimated	3-year note	1:00pm	Mid-month	Most sensitive to near-term Fed pricing.	Verify with Treasury
Wed, 9 Dec 2026Estimated	10-year note	1:00pm	Mid-month	The benchmark auction — the one that moves global rates.	Verify with Treasury
Thu, 10 Dec 2026Estimated	30-year bond	1:00pm	Mid-month	Thinnest demand; weak tails hit long-duration assets hardest.	Verify with Treasury
Tue, 29 Dec 2026Estimated	2-year note	1:00pm	End-of-month	A direct read on how the market prices the next few FOMC meetings.	Verify with Treasury
Wed, 30 Dec 2026Estimated	5-year note	1:00pm	End-of-month	The belly of the curve — watch indirect (foreign) bidder share.	Verify with Treasury
Thu, 31 Dec 2026Estimated	7-year note	1:00pm	End-of-month	Historically the most prone to soft demand and tails.	Verify with Treasury
Tue, 12 Jan 2027Estimated	3-year note	1:00pm	Mid-month	Most sensitive to near-term Fed pricing.	Verify with Treasury
Wed, 13 Jan 2027Estimated	10-year note	1:00pm	Mid-month	The benchmark auction — the one that moves global rates.	Verify with Treasury
Thu, 14 Jan 2027Estimated	30-year bond	1:00pm	Mid-month	Thinnest demand; weak tails hit long-duration assets hardest.	Verify with Treasury
Tue, 26 Jan 2027Estimated	2-year note	1:00pm	End-of-month	A direct read on how the market prices the next few FOMC meetings.	Verify with Treasury
Wed, 27 Jan 2027Estimated	5-year note	1:00pm	End-of-month	The belly of the curve — watch indirect (foreign) bidder share.	Verify with Treasury
Thu, 28 Jan 2027Estimated	7-year note	1:00pm	End-of-month	Historically the most prone to soft demand and tails.	Verify with Treasury
Tue, 9 Feb 2027Estimated	3-year note	1:00pm	Mid-month	Most sensitive to near-term Fed pricing.	Verify with Treasury
Wed, 10 Feb 2027Estimated	10-year note	1:00pm	Mid-month	The benchmark auction — the one that moves global rates.	Verify with Treasury
Thu, 11 Feb 2027Estimated	30-year bond	1:00pm	Mid-month	Thinnest demand; weak tails hit long-duration assets hardest.	Verify with Treasury
Tue, 23 Feb 2027Estimated	2-year note	1:00pm	End-of-month	A direct read on how the market prices the next few FOMC meetings.	Verify with Treasury
Wed, 24 Feb 2027Estimated	5-year note	1:00pm	End-of-month	The belly of the curve — watch indirect (foreign) bidder share.	Verify with Treasury
Thu, 25 Feb 2027Estimated	7-year note	1:00pm	End-of-month	Historically the most prone to soft demand and tails.	Verify with Treasury

Dates follow Treasury's standard auction cycle and are indicative. Check Treasury's official announcement for each sale; dates can shift around federal holidays, quarterly refunding changes and cash-management bill additions.

Weekly Treasury bill auction cadence

Day	Securities	Close (ET)	Notes
Monday	13-week & 26-week bills	11:30am	The weekly anchor of front-end funding.
Tuesday	6-week bill	11:30am	Cash-management style tenor, run most weeks.
Tuesday	52-week bill	11:30am	Every fourth week only.
Wednesday	17-week bill	11:30am	Weekly since 2022.
Thursday	4-week & 8-week bills	11:30am	The shortest tenors; most reactive to debt-ceiling and TGA swings.

Bill auctions move to the next business day when the usual day is a federal holiday. Treasury also adds cash-management bills at short notice around tax dates and debt-ceiling episodes.

How to read an auction result

Tail. The stop-out yield minus the when-issued yield at the bid deadline. A positive tail of a basis point or more on a 10-year or 30-year sale signals dealers had to be paid up to absorb supply, and usually lifts yields across the curve.
Bid-to-cover. Total bids divided by the amount sold. Compare against the trailing six-auction average for the same tenor rather than an absolute threshold.
Indirect bidders. Largely foreign central banks and overseas funds. A falling share is the headline metric for weakening external demand for Treasuries.
Dealer take-down. The residual primary dealers are forced to hold. A high number often means further selling pressure in the following sessions.

Quarterly refunding

In February, May, August and November, Treasury publishes its quarterly refunding statement — the borrowing estimate, the size of each coupon auction for the quarter ahead and any changes to the issuance mix between bills and longer-dated debt. Refunding week carries new-issue 3-year, 10-year and 30-year sales rather than reopenings, and shifts in auction sizes are frequently a bigger driver of the long end than the auctions themselves.

Track it live on the desk

Economic calendar — auctions alongside the data releases that set the pre-auction tone.
Fed meeting schedule — policy dates that reprice the front end before every 2-year sale.
CPI release schedule — inflation prints that routinely land in the same week as coupon supply.
2026 interest rate forecast — where the policy path is expected to sit as this supply is absorbed.
Live news feed — auction results and the reaction in yields as they cross the wire.