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Quarterly Financing

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Quarterly financing
February 15, May 15, August 15 and November 15, or next working day offerings of several "coupon" security issues. Quarterly issues currently consist of a 3-year note, a 10-year note, and a 30-year bond. The Treasury sometimes offers additional amounts of outstanding long-term notes or bonds, rather than selling new security issues. See: Reopening.

Quarterly Financing
A debt security in which portions of the same issue are offered four times per year, on the 15th of February, May, August, and November. That is, rather than making a new issue, an issuer may use quarterly financing instead; this usually saves on the expense of making a whole new issue. Examples of quarterly financing include three-year and 10-year notes, as well as 30-year bonds.


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One in three builders responding to NAHB's quarterly financing survey reported that the availability of single-family construction loans worsened from the third to the fourth quarter, continuing a progressive rise in the percentage reporting problems.
With regard to the Treasury's quarterly financings, the Manager had followed the practice over the past several years of exchanging the bulk of the maturing securities held in the System account into the shortest issue offered by the Treasury, while placing relatively small amounts in the longer-term Treasury offerings.
4 billion in the fourth quarter, the lowest quarterly financing total of the year.
 
 
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