Tentative Outright Treasury Operation Schedule

The Desk's tentative operation schedules associated with outright purchases and sales of Treasury securities as announced by the FOMC.


The Desk plans to purchase approximately $10 billion in Treasury securities over the month of October.



Purchase Operations
Operation Date1
Settlement Date
Operation Type
Maturity Range
Expected Purchase Size
Thu, Oct 02, 2014 Fri, Oct 03, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 08/15/2044 $0.85 - $1.05 billion
Mon, Oct 06, 2014 Tue, Oct 07, 2014 Outright Treasury Coupon Purchases 11/15/2021 - 08/15/2024 $1.40 - $1.70 billion
Tue, Oct 07, 2014 Wed, Oct 08, 2014 Outright TIPS Purchases 01/15/2019 - 02/15/2044 $0.25 - $0.35 billion
Tue, Oct 14, 2014 Wed, Oct 15, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 08/15/2044 $0.85 - $1.05 billion
Wed, Oct 15, 2014 Thu, Oct 16, 2014 Outright Treasury Coupon Purchases 10/31/2018 - 06/30/2019 $0.95 - $1.15 billion
Thu, Oct 16, 2014 Fri, Oct 17, 2014 Outright Treasury Coupon Purchases 11/15/2024 - 02/15/2031 $0.15 - $0.25 billion
Mon, Oct 20, 2014 Tue, Oct 21, 2014 Outright Treasury Coupon Purchases 07/31/2019 - 06/30/2020 $1.00 - $1.25 billion
Tue, Oct 21, 2014 Wed, Oct 22, 2014 Outright Treasury Coupon Purchases 11/15/2021 - 08/15/2024 $1.40 - $1.70 billion
Thu, Oct 23, 2014 Fri, Oct 24, 2014 Outright Treasury Coupon Purchases 07/31/2020 - 09/30/2021 $1.35 - $1.65 billion
Mon, Oct 27, 2014 Tue, Oct 28, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 08/15/2044 $0.85 - $1.05 billion

The next release of the tentative outright Treasury operation schedule will be at 3 p.m. on October 31, 2014. At that time the Desk will publish information on transaction prices for securities included in the operations listed above.  If the FOMC decides to end its current program of asset purchases at its next meeting, only pricing information will be published.

 

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1Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM unless noted otherwise.



Date Schedule
October 2 - October 28, 2014

The Desk plans to purchase approximately $10 billion in Treasury securities over the month of October.

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September 3 - September 30, 2014

The Desk plans to purchase approximately $15 billion in Treasury securities over the month of September.

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August 4 - August 28, 2014

The Desk plans to purchase approximately $15 billion in Treasury securities over the month of August.

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July 1 - July 31, 2014

The Desk plans to purchase approximately $19 billion in Treasury securities over the month of July. This amount is approximately $1 billion less than the stated pace of $20 billion per month, given that purchases conducted in June exceeded the target by approximately $1 billion.

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June 2 - June 30, 2014

The Desk plans to purchase approximately $25 billion in Treasury securities over the month of June.

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May 1 - May 30, 2014

The Desk plans to purchase approximately $24 billion in Treasury securities over the month of May. This amount is approximately $1 billion less than the stated pace of $25 billion per month, given that purchases conducted in April exceeded the target by approximately $1 billion.

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April 1 - April 29, 2014

The Desk plans to purchase approximately $30 billion in Treasury securities over the month of April.

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March 4 - March 31, 2014

The Desk plans to purchase approximately $34 billion in Treasury securities over the month of March. This amount is approximately $1 billion less than the stated pace of $35 billion per month, given that purchases conducted in February exceeded the target by approximately $1 billion.

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February 3 - February 28, 2014

The Desk plans to purchase approximately $35 billion in Treasury securities over the month of February.

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January 6 - January 31, 2014

The Desk plans to purchase approximately $40 billion in Treasury securities over the month of January.

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December 2 - December 23, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of December.

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November 1 - November 26, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of November.

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October 1 - October 31, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of October.

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September 3 - September 30, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of September.

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August 1 - August 30, 2013

The Desk plans to purchase approximately $46 billion in Treasury securities over the month of August. This amount is $1 billion more than the stated pace of $45 billion per month, given that purchases conducted in July were approximately $1 billion less than the target.

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July 1 - July 31, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of July.

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June 3 - June 30, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of June.

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May 2 - May 31, 2013

The Desk plans to purchase approximately $44 billion in Treasury securities over the month of May. This amount is approximately $1 billion less than the stated pace of $45 billion per month, given that purchases conducted in April exceeded the target by approximately $1 billion.

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April 1 - April 30, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of April.

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March 1 - March 31, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of March.

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February 1 - February 28, 2013

The Desk plans to purchase approximately $44 billion in Treasury securities over the month of February. This amount is approximately $1 billion less than the stated pace of $45 billion per month, given that purchases conducted in January exceeded the target by approximately $1 billion.

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January 3 - January 31, 2013

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of January.

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December 4 - December 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase $45 billion and sell $38 billion in Treasury securities over the month of December. The Desk will redeem approximately $0.4 billion in Treasury securities.

As stated in the Maturity Extension Program FAQs, to ensure that the total sale and redemption amount is met, an additional sale operation has been tentatively scheduled for the afternoon of December 27. The Desk will update this schedule on December 20 with additional details on the tentative December 27 sale, including whether or not the sale is necessary.

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November 1 - November 30, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $47 billion and sell approximately $37 billion in Treasury securities over the month of November. The purchase amount of $47 billion includes approximately $2 billion from the purchase operation rescheduled from October 30. The Desk will redeem approximately $0.1 billion in Treasury securities.

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October 1 - October 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $46 billion and sell approximately $38 billion in Treasury securities over the month of October. The Desk will redeem approximately $1 billion in Treasury securities.

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September 1 - September 30, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $38 billion in Treasury securities over the month of September. The Desk will redeem approximately $1 billion in Treasury securities.

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August 1 - August 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $44 billion and sell approximately $38 billion in Treasury securities over the month of August. The Desk will redeem approximately $12 billion in Treasury securities.

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July 1 - July 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $39 billion in Treasury securities over the month of July. The Desk will redeem approximately $20 billion in Treasury securities.

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June 1 - June 29, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $43 billion in Treasury securities over the month of June.

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May 1 - May 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $43 billion in Treasury securities over the month of May.

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April 2 - April 30, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $44 billion and sell approximately $43 billion in Treasury securities over the month of April.

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March 2 - March 30, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $44 billion and sell approximately $43 billion in Treasury securities over the month of March.

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February 1 - February 29, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $43 billion in Treasury securities over the month of February.

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January 6 - January 31, 2012

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $44 billion in Treasury securities over the month of January.

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December 2 - December 23, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $52 billion in Treasury securities over the month of December. Of note, the sale amount of $52 billion includes approximately $8 billion from a rescheduled sale operation in November.

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November 3 - November 30, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $45 billion and sell approximately $43 billion in Treasury securities over the month of November.

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October 3 - October 28, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $44 billion and sell approximately $44 billion in Treasury securities over the month of October.

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September 15 - October 12, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $16 billion*. This represents purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-September and mid-October.

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August 16 - September 9, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $14 billion. This represents purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-August and mid-September.

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July 15 - August 8, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $14 billion. This represents purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-July and mid-August.

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June 13 - July 11, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $62 billion. This represents $50 billion in purchases of the announced $600 billion purchase program, which will be completed by the end of June, and $12 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-June and mid-July. As always, this schedule is subject to change should the FOMC choose to alter its directive to the Desk during the monthly period.

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May 12 - June 10, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $93 billion. This represents $80 billion in purchases of the announced $600 billion purchase program and $13 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-May and mid-June.

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Apr 13 - May 11, 2011

Across all operations in the schedule listed below, the Desk plans to purchase approximately $97 billion. This represents $80 billion in purchases of the announced $600 billion purchase program and $17 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-April and mid-May.

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Mar 14 - Apr 11, 2011 Across all operations in the schedule listed below, the Desk plans to purchase approximately $102 billion. This represents $80 billion in purchases of the announced $600 billion purchase program and $22 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-March and mid-April.

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Feb 11 - Mar 9, 2011 Across all operations in the schedule listed below, the Desk plans to purchase approximately $97 billion.This represents $80 billion in purchases of the announced $600 billion purchase program and $17 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-February and mid-March.

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Jan 13 - Feb 9, 2011 Across all operations in the schedule listed below, the Desk plans to purchase approximately $112 billion. This represents $80 billion in purchases of the announced $600 billion purchase program and $32 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-January and mid-February.

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Dec 13, 2010 - Jan 11, 2011 Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-December and mid-January.

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Nov 12 - Dec 9, 2010 Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion of principal payments from agency debt and agency MBS expected to be received between mid-November and mid-December.

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Oct 15 - Nov 8, 2010 Across all operations in the schedule listed below, the Desk plans to purchase approximately $32 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-October and mid-November.

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Sep 15 - Oct 6, 2010 Across all operations in the schedule listed below, the Desk plans to purchase approximately $27 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-September and mid-October.

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Aug 17 - Sep 13, 2010 Across all operations in the schedule listed below, the Desk plans to purchase approximately $18 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-August and mid-September, adjusted for prior SOMA agency MBS purchases that have been allocated since August 4.

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