WASHINGTON / RankWire.AI / – The U.S. Treasury Department plans to conduct three auctions next week, offering a total of $119 billion in notes and bonds. The schedule kicks off on Oct. 6 with a $58 billion issuance of three-year notes. On Oct. 7, Treasury will auction $39 billion of 10-year notes. The sequence concludes on Oct. 8 with a $22 billion sale of 30-year bonds. These offerings are in line with Treasury’s usual financing timetable and correspond to the auction figures outlined in its latest quarterly refunding plan.
The newly issued three-year note is set to mature on Oct. 15, 2029. Meanwhile, Treasury will reopen an existing 4.625% note for the 10-year segment, which matures on Aug. 15, 2036. The 30-year sale will also reopen a 5.125% bond maturing on Aug. 15, 2056. Reopening an existing security increases the total amount outstanding, while maintaining the original coupon rate and maturity date. Investors have the option to submit either competitive or noncompetitive bids during Treasury’s standard auction process.
All three securities are scheduled to settle on Oct. 15, as per the schedule published by the U.S. Treasury Department. Competitive bidders specify the yield they are willing to accept for a security, whereas noncompetitive bidders agree to accept the yield determined during the auction. After each sale, Treasury releases detailed final pricing and bidding data, which typically include the high yield, accepted bids, and allotment information. Treasury notes and bonds pay fixed interest and are a key component of federal marketable debt portfolios.
Three consecutive debt offerings scheduled by Treasury
These October auctions follow closely after the September sales of the same 10-year and 30-year securities. On Sept. 9, Treasury sold $39 billion of the 10-year note, which yielded a high of 4.834%, with bids totaling approximately $105.8 billion, resulting in a bid-to-cover ratio of 2.71. This security has a 4.625% coupon and matures in August 2036. The upcoming October reopening will add an additional $39 billion of this note to the existing amount outstanding.
On Sept. 10, Treasury sold $22 billion of the 30-year bond, which produced a high yield of 5.308%. Investors submitted bids totaling about $57.5 billion, yielding a bid-to-cover ratio of 2.61. The bond offers a 5.125% coupon and will mature 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 sale concludes on Thursday.
The auction sizes align with October’s borrowing targets
These auctions are part of a broader borrowing plan for the last quarter of 2026. The Treasury projected $628 billion in net marketable borrowing for October through December, assuming an end-of-December cash balance of $850 billion. The federal government raises marketable debt through regular sales of bills, notes, bonds, and other securities. The Treasury adjusts issuance levels across maturities through its established financing process, while regularly publishing auction schedules and borrowing estimates for investor awareness.
The total of $119 billion matches the amounts listed 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 concludes with the 30-year bond auction on Thursday. Treasury will release official results after each auction, including details on pricing, yields, and demand for next week’s three U.S. government debt offerings.