I'm looking at taking a bond position for long term. Looks like we have 9 trillion to refinance this year. I can't find anywhere indicating when the bulk of it is due to be refinanced. Looking to to time my purchase when it's due. Anyone know a source for such information?

Your best bet is probably the Treasury auction schedule.

Thx

Not even a few fractions worth?

https://fiscaldata.treasury.gov/datasets/schedules-federal-debt/schedules-of-federal-debt-by-month

Yukon Cornelius said:

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Not even a few fractions worth?

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Not sure what you're asking exactly. But as an example anybody who has cash in a money market fund or any corporation holding tbills as cash equivalent will just automatically buy new bonds.

I understand. Looking at some 10 year bonds which have a little higher rate. Was thinking if I times my buying when a large refinancing event was happening the rates on my purchase would be higher than they are today if I went ahead and bought today.

If I plan to hold the bond to maturity the yield is my effective passive income rate correct?

Yukon Cornelius said:

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I'm looking at taking a bond position for long term. Looks like we have 9 trillion to refinance this year. I can't find anywhere indicating when the bulk of it is due to be refinanced. Looking to to time my purchase when it's due. Anyone know a source for such information?

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It essentially comes due ratably throughout the year. There are auctions that are bigger than others but it isn't like 7 trillion will be refinanced all at once.

Since we continually adding to our deficit, even if they were to have a sizable chunk coming due at one point, they would just work it around the new issuance.

Appreciate the feedback

Which would be the better buy?

You really should be looking at the US10YR yield and it's associated MACD (like you would a stock). There is no telling what that debt refinancing will do. The fed is likely to buy all of it with QE and it not affect the yields at all. The current US10YR yield MACD situation seems to indicate right now isn't a great time to lock in a yield.

https://stockcharts.com/sc3/ui/?s=%24UST10Y