WASHINGTON / RankWire.AI / – As part of its ongoing funding activities, the U.S. Treasury Department has scheduled three debt auctions for next week, offering a combined total of $119 billion in notes and bonds. The first auction will take place on Oct. 6, featuring $58 billion of three-year notes. The following day, Oct. 7, will see the sale of $39 billion of 10-year notes. The final auction on Oct. 8 will involve $22 billion of 30-year bonds. These offerings are in line with Treasury’s standard financing calendar and reflect the auction sizes detailed in its latest quarterly refunding schedule.
The newly issued three-year note will mature on Oct. 15, 2029. Treasury will also reopen an existing 4.625% note for the 10-year auction, which matures on Aug. 15, 2036. Similarly, the 30-year sale will reopen a 5.125% bond maturing on Aug. 15, 2056. Reopening an existing security allows the Treasury to increase the total outstanding amount while keeping the original coupon rate and maturity date unchanged. Investors may submit either competitive or noncompetitive bids according to Treasury’s standard auction procedures.
All three securities are scheduled to settle on Oct. 15, following the timeline published by the U.S. Treasury Department. During the auction process, competitive bidders specify the yield they are willing to accept, whereas noncompetitive bidders agree to accept the yield determined during the auction. After each sale concludes, the Treasury releases the final pricing and bidding data, including the high yield, accepted bids, and allotment details. These notes and bonds provide fixed interest payments and are a key element of the federal government’s marketable debt portfolio.
Three consecutive debt issuances scheduled by Treasury
These October auctions follow the prior September sales of the same 10-year and 30-year securities. On Sept. 9, Treasury sold $39 billion of the 10-year note, which resulted in a high yield of 4.834% and attracted bids totaling approximately $105.8 billion. This set a bid-to-cover ratio of 2.71. The security has a 4.625% coupon rate and matures in August 2036. The upcoming October reopening will add an additional $39 billion of this note to the existing amount outstanding.
A week later, on Sept. 10, Treasury offered $22 billion of the 30-year bond. This auction yielded a high of 5.308%. Investors placed bids totaling around $57.5 billion, establishing a bid-to-cover ratio of 2.61. The bond carries a 5.125% coupon and reaches maturity in August 2056. The October auction will add another $22 billion of this security. Final yield, price, accepted bids, and allotment data will be published after the auction concludes on Thursday.
The size of auctions aligns with October’s financing plan
These auctions are part of a broader borrowing strategy for the last quarter of 2026. The Treasury projected a net marketable borrowing requirement of $628 billion from October through December, based on an expected end-of-year cash balance of $850 billion. The government raises funds through regular sales of bills, notes, bonds, and other securities, adjusting issuance across maturities via its established financing framework. The Treasury publishes auction schedules and borrowing estimates to keep investors informed.
The total amount of $119 billion matches what was outlined in the Treasury’s August financing plan for October. That schedule called for $58 billion of three-year notes, $39 billion of 10-year notes, and $22 billion of 30-year bonds. The sequence begins with the three-year auction on Tuesday, followed by the 10-year sale on Wednesday and the 30-year issuance on Thursday. After each auction, the Treasury will release official results, providing details on the pricing, yield, and demand for next week’s three U.S. government debt offerings.