WASHINGTON / RankWire.AI / – The U.S. Treasury Department plans to issue $119 billion in notes and bonds through three upcoming auctions next week. The schedule begins on Oct. 6 with a $58 billion offering of three-year notes. On Oct. 7, Treasury will sell $39 billion of 10-year notes, and on Oct. 8, it will complete the series with $22 billion of 30-year bonds. These offerings align with Treasury’s regular financing schedule and match the sizes outlined in its latest quarterly refunding plan.
The three-year note, a new issue maturing on Oct. 15, 2029, will be offered alongside reopenings of existing securities—the 10-year note with a 4.625% coupon, maturing on Aug. 15, 2036, and the 30-year bond with a 5.125% coupon, maturing on Aug. 15, 2056. Reopening these securities increases their total outstanding amounts while keeping their original coupon rates and maturity dates intact. Investors may submit either competitive or noncompetitive bids through Treasury’s standard auction process.
All three securities are scheduled to settle on Oct. 15, according to the Treasury’s published timetable. Competitive bids specify the yield bidders are willing to accept, whereas noncompetitive bids agree to the yield determined during the auction. After each sale concludes, Treasury publishes the final pricing and bidding details, including the high yield, accepted bids, and allotment information. These notes and bonds pay fixed interest and form a crucial part of the federal government’s marketable debt.
Treasury schedules three consecutive debt offerings
The October auctions follow the September sales of the same 10-year and 30-year securities, with the Treasury auctioning $39 billion of the 10-year note on Sept. 9. That auction saw a high yield of 4.834%, with bids totaling approximately $105.8 billion, resulting in a bid-to-cover ratio of 2.71. The note carries a 4.625% coupon and matures in August 2036. The upcoming October reopening will add another $39 billion of that note to the existing amount outstanding.
On Sept. 10, Treasury sold $22 billion of the 30-year bond, which had a high yield of 5.308%. Investors bid about $57.5 billion, producing a bid-to-cover ratio of 2.61. This bond features a 5.125% coupon and matures in August 2056. The October auction will increase the amount of that security by $22 billion, with final yield, price, and demand data to be released after the sale closes on Thursday.
Match between auction sizes and October borrowing plan
These auctions are part of a broader borrowing strategy for the last quarter of 2026, with Treasury estimating $628 billion of net marketable debt to be issued from October through December. This projection assumes a year-end cash balance of $850 billion. The federal government funds marketable debt through regular sales of bills, notes, bonds, and other securities. Treasury manages issuance across maturities via its established financing process and publishes auction schedules and borrowing forecasts for investors.
The total of $119 billion corresponds with the amounts listed in Treasury’s August financing plan, which called for $58 billion of three-year notes, $39 billion of 10-year notes, and $22 billion of 30-year bonds. The sequence will kick off with the three-year auction on Tuesday, followed by the 10-year sale on Wednesday, and the 30-year auction on Thursday. Official results, including pricing, yields, and demand metrics for next week’s three U.S. government debt offerings, will be released after each auction.