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US Treasury Auction Zones
US Treasury Auction Zones
An ICT-style killzone indicator that highlights US Treasury auction days and marks the critical 1:00–2:00 PM ET volatility window when auction results are announced.
Why Treasury Auctions Matter
The US Treasury auctions hundreds of billions in debt each month. When results drop at 1 PM ET, the market learns two things simultaneously — the yield the Treasury had to pay and how much demand showed up. For futures traders, the reaction is immediate and sharp. Gold (MGC/GC), equity indices (ES, NQ), and crude oil (CL) all move on the yield signal. TIPS auctions are especially relevant to gold since they directly reveal real yields — the primary driver of gold's inverse rate relationship.
How It Works
Rather than hardcoding dates, the indicator uses the Treasury's consistent monthly scheduling pattern to compute auction days perpetually — forward and backward across any chart date without expiry or manual updates.
The nth-weekday rule: the Nth occurrence of a weekday in a month falls precisely when the day-of-week matches and the day-of-month is within the corresponding 7-day window. No external data required.
Scheduling rules used:
10Y Note — 2nd Wednesday of each month
30Y Bond — 2nd Thursday of each month
20Y Bond — 3rd Wednesday of each month
3Y Note — 2nd Tuesday of each month
2Y Note — 4th Tuesday of each month
5Y Note + 2Y FRN — 4th Wednesday of each month
7Y Note — 4th Thursday of each month
Bills — Monday through Thursday weekly (off by default)
Three Tiers
🔴 T1 — Major (10Y Note · 20Y Bond · 30Y Bond)
The most watched auctions. Largest impact on yields, gold, and risk assets. These determine where the Treasury must price long-duration debt and often set the directional tone for the session.
🟠 T2 — Coupons (2Y · 3Y · 5Y · 7Y Notes · TIPS · FRN)
Significant auctions. TIPS results are uniquely relevant to gold traders — they directly reveal real yields at the moment of issuance, without the continuous noise of secondary market repricing.
🟡 T3 — Bills (4W · 6W · 8W · 13W · 17W · 26W · 52W)
High frequency, lower impact. Off by default to avoid coloring nearly every weekday. Enable when monitoring short-end rate dynamics or bill market stress.
Visual Elements
Day background — full session colored by tier (T1 red · T2 amber · T3 yellow) so auction days are immediately visible as you scan the chart
1–2 PM ET overlay — vivid white overlay fires on top of the tier color during the killzone window, matching the ICT killzone visual language
Session open label — ● T1 10Y Note appears at the first bar of each auction day so you know what's coming before 1 PM
1 PM label — UST T1 10Y Note · 1:00 PM ET marks the exact bar when the killzone opens
Both labels are independently toggleable. All colors are fully customizable.
Alerts Included
T1 auction 1 PM killzone open
T2 auction 1 PM killzone open
Any auction 1 PM killzone open
T1 auction day open (pre-session warning)
Notes
The nth-weekday scheduling rules match the Treasury's published pattern for the vast majority of auctions. Holiday shifts (which move auction dates by one day) are not applied — these are rare and the indicator remains accurate within one trading day for affected months. TIPS auction weeks follow the same weekday anchor as other T2 auctions and are included in the T2 tier accordingly.
Holiday shifts aside, this indicator requires no updates and works on any timeframe, any instrument, any date range.
An ICT-style killzone indicator that highlights US Treasury auction days and marks the critical 1:00–2:00 PM ET volatility window when auction results are announced.
Why Treasury Auctions Matter
The US Treasury auctions hundreds of billions in debt each month. When results drop at 1 PM ET, the market learns two things simultaneously — the yield the Treasury had to pay and how much demand showed up. For futures traders, the reaction is immediate and sharp. Gold (MGC/GC), equity indices (ES, NQ), and crude oil (CL) all move on the yield signal. TIPS auctions are especially relevant to gold since they directly reveal real yields — the primary driver of gold's inverse rate relationship.
How It Works
Rather than hardcoding dates, the indicator uses the Treasury's consistent monthly scheduling pattern to compute auction days perpetually — forward and backward across any chart date without expiry or manual updates.
The nth-weekday rule: the Nth occurrence of a weekday in a month falls precisely when the day-of-week matches and the day-of-month is within the corresponding 7-day window. No external data required.
Scheduling rules used:
10Y Note — 2nd Wednesday of each month
30Y Bond — 2nd Thursday of each month
20Y Bond — 3rd Wednesday of each month
3Y Note — 2nd Tuesday of each month
2Y Note — 4th Tuesday of each month
5Y Note + 2Y FRN — 4th Wednesday of each month
7Y Note — 4th Thursday of each month
Bills — Monday through Thursday weekly (off by default)
Three Tiers
🔴 T1 — Major (10Y Note · 20Y Bond · 30Y Bond)
The most watched auctions. Largest impact on yields, gold, and risk assets. These determine where the Treasury must price long-duration debt and often set the directional tone for the session.
🟠 T2 — Coupons (2Y · 3Y · 5Y · 7Y Notes · TIPS · FRN)
Significant auctions. TIPS results are uniquely relevant to gold traders — they directly reveal real yields at the moment of issuance, without the continuous noise of secondary market repricing.
🟡 T3 — Bills (4W · 6W · 8W · 13W · 17W · 26W · 52W)
High frequency, lower impact. Off by default to avoid coloring nearly every weekday. Enable when monitoring short-end rate dynamics or bill market stress.
Visual Elements
Day background — full session colored by tier (T1 red · T2 amber · T3 yellow) so auction days are immediately visible as you scan the chart
1–2 PM ET overlay — vivid white overlay fires on top of the tier color during the killzone window, matching the ICT killzone visual language
Session open label — ● T1 10Y Note appears at the first bar of each auction day so you know what's coming before 1 PM
1 PM label — UST T1 10Y Note · 1:00 PM ET marks the exact bar when the killzone opens
Both labels are independently toggleable. All colors are fully customizable.
Alerts Included
T1 auction 1 PM killzone open
T2 auction 1 PM killzone open
Any auction 1 PM killzone open
T1 auction day open (pre-session warning)
Notes
The nth-weekday scheduling rules match the Treasury's published pattern for the vast majority of auctions. Holiday shifts (which move auction dates by one day) are not applied — these are rare and the indicator remains accurate within one trading day for affected months. TIPS auction weeks follow the same weekday anchor as other T2 auctions and are included in the T2 tier accordingly.
Holiday shifts aside, this indicator requires no updates and works on any timeframe, any instrument, any date range.
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สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน