WASHINGTON / RankWire.AI / – U.S. Treasury Department plans to auction $119 billion worth of notes and bonds next week across three separate sales. The schedule kicks off on Oct. 6 with $58 billion of three-year notes. On Oct. 7, Treasury will sell $39 billion of 10-year notes. The sequence concludes on Oct. 8 with a $22 billion offering of 30-year bonds. These three auctions follow Treasury’s usual financing schedule and align with the sizes outlined in its latest quarterly refunding plan.
The new three-year note will mature on Oct. 15, 2029. Treasury will also reopen an existing 4.625% note for the 10-year auction. This security matures on Aug. 15, 2036. The 30-year sale will reopen a 5.125% bond maturing on Aug. 15, 2056. Reopening a security means increasing outstanding amount while keeping the original coupon rate and maturity date. Investors can place either competitive or noncompetitive bids through Treasury’s standard process.
All three securities will settle on Oct. 15, as per the Treasury’s published schedule. Competitive bidders specify the yield they accept, while noncompetitive bidders agree to the yield set during the auction. After each sale, Treasury releases final pricing and bidding details. These typically include the high yield, accepted bids, and allotment information. Treasury notes and bonds pay fixed interest and are a major part of federal marketable debt.
Treasury to conduct three consecutive debt auctions
These October auctions follow similar sales in September for the same 10-year and 30-year securities. On Sept. 9, Treasury sold $39 billion of the 10-year note. That auction saw a high yield of 4.834%, with about $105.8 billion in bids. The bid-to-cover ratio was 2.71. This note has a 4.625% coupon and matures in August 2036. The October reopening will add another $39 billion to the amount outstanding of that security.
Treasury also sold $22 billion of the 30-year bond on Sept. 10. The auction resulted in a high yield of 5.308%. Investors bid approximately $57.5 billion, producing a bid-to-cover ratio of 2.61. The bond has a 5.125% coupon and matures in August 2056. The October sale will add another $22 billion of this security. Final yield, price, and bidding details will be published after the auction closes on Thursday.
Match with October financing plans
These auctions are part of a larger borrowing plan for the last quarter of 2026. Treasury estimated $628 billion of net marketable borrowing for October through December. This projection assumes a year-end cash balance of $850 billion. The government raises marketable debt through regular sales of bills, notes, bonds, and other securities. Treasury adjusts issuance across maturities based on its financing strategy, publishing auction schedules and borrowing estimates for investors.
The total of $119 billion matches the amounts listed in Treasury’s August financing plan for October. That schedule included $58 billion of three-year notes, $39 billion of 10-year notes, and $22 billion of 30-year bonds. The week’s auctions will start with the 3-year note on Tuesday, followed by the 10-year on Wednesday, and the 30-year on Thursday. Official results, including pricing, yield, and demand data, will be released after each auction, providing insights into next week’s US government debt sales.