Treasury Conversion Factors

Treasury Conversion Factors for the government securities auctioned by the U.S. Treasury Department.

Updated U.S. Treasury Conversion Factors - 29 January 2026

Conversion factor tables for U.S. Treasury Bond and Note futures have been updated to include conversion factors for the following securities:

 

  • 3-1/2s of January 2028 (a original 5-year note reopened as 2-year note) 
  • 3-3/4s of January 2031 (a new 5-year note) 
  • 4s of January 2033 (a new 7-year note)
Treasury Conversion Factors

U.S. Treasury Department's Tentative Auction Schedule

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