WASHINGTON / RankWire.AI / – The U.S. Treasury Department plans to conduct three debt auctions totaling $119 billion next week. The first auction begins on Oct. 6 with $58 billion worth of three-year notes. On Oct. 7, Treasury will offer $39 billion of 10-year notes. The final sale on Oct. 8 will feature $22 billion of 30-year bonds. These offerings align with Treasury’s regular financing schedule and follow the sizes outlined in its latest quarterly refunding plan.
The newly issued three-year note is set to mature on Oct. 15, 2029. Additionally, Treasury will reopen an existing 4.625% note for the 10-year auction, which matures on Aug. 15, 2036. The 30-year auction will reopen a 5.125% bond maturing on Aug. 15, 2056. Reopening securities increases the total amount outstanding while keeping the coupon rate and maturity date unchanged. Bidders can submit both competitive and noncompetitive bids through Treasury’s standard auction process.
All three securities are scheduled to settle on Oct. 15, as per the published schedule of the U.S. Treasury Department. Competitive bidders specify the yield they are willing to accept, while noncompetitive bidders agree to the yield determined at auction. After each sale, Treasury releases the final pricing and bidding data, including high yield, accepted bids, and allotments. These notes and bonds pay fixed interest and are key components of the federal marketable debt portfolio.
Three consecutive debt sales on the calendar
The upcoming October auctions follow the September sales of the same 10-year and 30-year securities. On September 9, Treasury sold $39 billion of the 10-year note, which yielded a high of 4.834%. The auction attracted approximately $105.8 billion in bids, resulting in a bid-to-cover ratio of 2.71. This security has a 4.625% coupon and matures in August 2036. The October reopening will add another $39 billion of the same note to the existing amount outstanding.
The $22 billion 30-year bond was auctioned on September 10, yielding a high of 5.308%. Investors submitted bids totaling around $57.5 billion, with a bid-to-cover ratio of 2.61. The bond features a 5.125% coupon and matures in August 2056. The October auction will add an additional $22 billion of this security. Treasury will publish the final yield, price, accepted bids, and allotment data once the sale concludes on Thursday.
The auction sizes align with October’s borrowing plan
These auctions are part of the broader borrowing strategy for the last quarter of 2026. Treasury projected $628 billion of net marketable borrowing for October through December, based on an expected cash balance of $850 billion at the end of December. The federal government funds marketable debt primarily through regular sales of bills, notes, bonds, and other securities. Treasury manages issuance across different maturities through its established financing procedures, while providing auction schedules and borrowing estimates to investors.
The total of $119 billion matches the amounts listed in Treasury’s August financing plan for October. That schedule outlined $58 billion for three-year notes, $39 billion for 10-year notes, and $22 billion for 30-year bonds. The sequence begins with the three-year auction on Tuesday, followed by the 10-year sale on Wednesday, and concludes with the 30-year issuance on Thursday. Official results—including pricing, yield, and demand data—will be announced after each auction, detailing next week’s three U.S. government debt offerings.