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How much US Treasury debt matures in the next 12 months?

As of , $10.77 trillion of marketable US Treasury debt matures in the next 12 months, $7.25 trillion of it in bills.

Observed
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Maturing in these months

$10.77 trillion

Of which bills

$7.25 trillion

67.3% of the total

Of which notes and bonds

$2.94 trillion

September 2026 is the largest month, with $2.71 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
September 2026 is the largest month, with $2.71 trillion0.001.002.003.00Sep2.71Oct2.16Nov1.35Dec0.99Jan0.77Feb0.68Mar0.28Apr0.41May0.34Jun0.28Jul0.43Aug0.37September 2026 is the largest month, with $2.71 trillion0.001.002.003.00SepNovJanMarMayJul

Source: U.S. Treasury, Fiscal Data, Monthly Statement of the Public Debt. Observed .

Each month as a table
Marketable Treasury debt maturing each month ($ million)
Maturing inTotalBillsNotesBondsTIPSFRNsSecurities
September 20262,708,2782,491,207217,07100013
October 20262,158,1711,814,893210,020046,75686,50215
November 20261,354,3751,073,026270,48910,8600014
December 2026989,363771,187218,17600013
January 2027767,863385,893212,067079,41690,48610
February 2027677,765388,656279,5879,5220010
March 2027275,90754,007221,9000005
April 2027410,60751,973224,020046,57088,0447
May 2027342,19453,134289,0600006
June 2027283,44053,211230,2280005
July 2027426,19754,760233,316050,07988,0417
August 2027374,51656,121309,1999,197007
All of these months10,768,6777,248,0702,915,13429,579222,821353,073112

The table scrolls sideways; the first column stays in place.

What is all marketable debt made of?

KindAmount, $ millionShare
Bills7,248,07022.8%
Notes16,218,38751.0%
Bonds5,525,25717.4%
TIPS2,152,6606.8%
Floating rate notes679,9762.1%
All marketable debt31,824,349100.0%

Bills, the securities that mature within a year of issue, made up 22.8% of marketable debt at the month-end and 67.3% of what matures in the months above.

Weighted by amount, marketable debt had 69.6 months to go until it matures, on average, at the month-end.

US Treasury debt maturing in 2026

From the day after to the end of 2026, $7.21 trillion of marketable Treasury debt matures: $6.15 trillion in bills and $926.62 billion in notes and bonds, across 55 securities.

US Treasury debt maturing in 2027

In 2027, $4.74 trillion of marketable Treasury debt matures: $1.10 trillion in bills and $3.07 trillion in notes and bonds, across 77 securities. Bills issued later in the year will add to it.

How much matures in each of the coming years?

Maturing inTotalBillsNotesBondsTIPSFRNsSecurities
20267,210,1886,150,313915,75610,86046,75686,50255
20274,740,7451,097,7563,026,82440,740221,132354,29377
20283,635,50203,123,51322,723250,085239,18158
20292,547,13302,268,21622,529256,389044
20302,057,14201,822,48517,043217,615032
20311,919,11401,732,11516,428170,571028
20321,200,41701,075,9270124,491019
2033959,8680853,0390106,829014
2034636,7770523,6450113,13206
2035676,0470551,4010124,64506
2036437,8470325,46626,39785,98406

The table scrolls sideways; the first column stays in place.

About these figures

The Federal Reserve's part, the month before, the record, limits and source

How much of it does the Federal Reserve hold?

Maturing debt held in the Federal Reserve's System Open Market Account ($ million)
Maturing inTotalHeld by the FedFed share
September 20262,708,278195,8177.2%
October 20262,158,171162,6477.5%
November 20261,354,375121,5929.0%
December 2026989,36394,9129.6%
January 2027767,86380,18210.4%
February 2027677,76598,40414.5%
March 2027275,90731,53711.4%
April 2027410,60730,1567.3%
May 2027342,19453,56815.7%
June 2027283,44025,4359.0%
July 2027426,19738,7669.1%
August 2027374,51674,87420.0%

Source: Federal Reserve Bank of New York, SOMA holdings. Observed .

How does this compare with 31 July 2026?

Debt due within the next months, two month-ends ($ million)
Month-endTotalBillsBills share
31 August 202610,768,6777,248,07067.3%
31 July 202610,481,9786,988,89166.7%

Every month-end

We keep the maturity calendar of each month-end as its own page: 294 month-ends so far. The record begins with .

What this number cannot tell you

  • Treasury usually pays maturing debt with new borrowing, so the amount due is the amount Treasury rolls over into new securities.
  • Bills issued after the month-end are not here; the calendar fills with new bills every week.
  • Amounts are face value, and TIPS include their inflation adjustment; they are not market values.

Source

Source: U.S. Treasury, Fiscal Data, Monthly Statement of the Public Debt. Observed .

Sources and licence

Sources and licence

  • U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
  • © 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org. The Federal Reserve share of maturities is computed by 500metrics. (source). Licence: Federal Reserve Bank of New York terms of use

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