History of U.S. Treasury Bonds
Treasury Bonds are long-term securities with fixed maturities of more than 10 years. They are issued with a stated rate of interest, pay interest semiannually, and are redeemed at par at maturity.
In 1963, competitive bidding by syndicates of securities dealers and banks was introduced for Treasury Bonds. In 1974, 25-year bond issues became a regular feature of Treasury’s mid-quarter coupon refunding. However, by 1977, 30-year bond issues replaced the 25-year bond issues.
The Treasury Department currently auctions 30-year bonds at original issue in February, May, August, and November. They are reopened in January, March, April, June, July, September, October, and December.
Timeline of U.S. Treasury Bonds
For more information on U.S. Treasury Bonds, select one of the resources below: