U.S. Treasury auction calendar

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Maturity	Frequency	Announcement date	Auction date	Settlement date
4 week bill	Weekly	06/06/2023	06/08/2023	06/13/2023
13/26 week bill	Weekly	06/01/2023	06/05/2023	06/08/2023
52 week bill	Monthly	06/08/2023	06/13/2023	06/15/2023
2-year note	Monthly	06/22/2023	06/26/2023	06/30/2023
3-year note	Monthly	06/08/2023	06/12/2023	06/15/2023
5-year note	Monthly	06/22/2023	06/27/2023	06/30/2023
7-year note	Monthly	06/22/2023	06/28/2023	06/30/2023
10-year note	Monthly	06/08/2023	06/12/2023	06/15/2023
30-year bond	Semi-Annual	06/08/2023	06/13/2023	06/15/2023
TIPS (5 yr)	Semi-Annual	06/15/2023	06/22/2023	06/30/2023
TIPS (10 yr)	TBA	07/13/2023	07/20/2023	07/31/2023
TIPS (20 yr)	—	—	—	—

Market data provided by Thomson Reuters; Vanguard is not responsible for the accuracy. Disclaimer

Bonds are subject to interest rate, inflation, and credit risk.

Interest rate risk is the chance that bond prices will decline because of rising interest rates. Interest rate risk should be low for short-term bonds, moderate for intermediate-term bonds, and high for long-term bonds.

Inflation risk is the risk that the yield on a bond will not keep pace with purchasing power. TIPS have minimal inflation risk because they adjust for inflation.

Credit risk is the chance that a bond issuer will fail to pay interest and principal in a timely manner or that negative perceptions of the issuer's ability to make such payments will cause the price of that bond to decline. U.S. Treasury securities are backed by the full faith and credit of the U.S. government and are generally deemed to have minimal credit risk.