Treasury Supply
The government’s side of liquidity: the Treasury’s cash against its targets, what it is about to sell and how its auctions go, the deficit behind the selling, and taxes withheld from paychecks.
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Cash and supply
Daily cash; monthly issuance
Treasury cash and its targets
Treasury General Account, daily, and the Treasury’s own end-of-quarter assumptions, USD billions
Source: U.S. Treasury (Daily Treasury Statement, quarterly refunding)
What the Treasury is selling
Monthly change in debt outstanding by type, USD billions; bills’ share of marketable debt, percent
Source: U.S. Treasury, Monthly Statement of the Public Debt; BlockPhi calculation
Auctions
Upcoming, and every 10-year note auction since 2008
Auction calendar
The Treasury’s next auctions. Notes and bonds are highlighted; sizes are announced a few days before each auction.
| Auction | Security | Size | Settles |
|---|---|---|---|
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
| Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 | Sep 30, 2026 |
Source: U.S. Treasury, upcoming auctions
Demand at 10-year note auctions
Bid-to-cover ratio (left) and indirect bidders’ share of the competitive award (right), each auction
Source: U.S. Treasury auction results
The budget
Monthly deficit; daily debt
The deficit and the interest bill
Federal deficit over the last twelve months and interest payments at an annual rate, USD trillions
Source: U.S. Treasury (Monthly Treasury Statement); BEA; BlockPhi calculation
Federal debt
Total public debt and debt held by the public, USD trillions, daily
Source: U.S. Treasury (Debt to the Penny)
Paychecks
Daily
Taxes withheld from paychecks
Last 91 days against the same days a year earlier, percent, daily
Source: U.S. Treasury (Daily Treasury Statement); BlockPhi calculation