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How much US Treasury debt was due within a year on 28 February 2025?

On , $9.47 trillion of marketable US Treasury debt was due within 12 months, 3.6% more than a year earlier ($9.14 trillion on ).

March 2025 is the largest month, with $2.15 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
March 2025 is the largest month, with $2.15 trillion0.001.002.003.00Mar2.15Apr1.83May1.41Jun0.77Jul0.72Aug0.62Sep0.23Oct0.40Nov0.32Dec0.25Jan0.42Feb0.35March 2025 is the largest month, with $2.15 trillion0.001.002.003.00MarMayJulSepNovJan

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
March 20252,149,4631,970,781178,68100012
April 20251,834,3531,538,647181,967043,43870,30115
May 20251,410,1611,135,069275,09200014
June 2025765,065589,320175,74400012
July 2025723,572431,905165,292054,49671,87911
August 2025622,087350,489260,41111,1870010
September 2025226,04246,518179,5230005
October 2025400,824103,843177,287041,69478,0008
November 2025321,55151,320270,2310006
December 2025245,80648,938196,8680005
January 2026422,31750,618200,056087,64384,0008
February 2026352,03850,503288,69812,838007
All of these months9,473,2786,367,9512,549,85024,025227,272304,179113

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

What is all marketable debt made of?

KindAmount, $ millionShare
Bills6,367,95122.2%
Notes14,735,97951.5%
Bonds4,886,14817.1%
TIPS2,005,2887.0%
Floating rate notes628,6072.2%
All marketable debt28,623,974100.0%

Bills, the securities that mature within a year of issue, made up 22.2% of marketable debt at the month-end and 67.2% of what matures in the months above.

Weighted by amount, marketable debt had 70.9 months to go until it matures, on average, at the month-end.

How does it compare with a year earlier?

Debt due within the next months ($ million)
Month-endTotalBillsBills share
28 February 20259,473,2786,367,95167.2%
29 February 20249,144,8226,011,23665.7%

About these figures

The Federal Reserve's part and the source

How much of it did the Federal Reserve hold?

Maturing debt held in the Federal Reserve's System Open Market Account ($ million)
Maturing inTotalHeld by the FedFed share
March 20252,149,46343,2612.0%
April 20251,834,35387,0444.7%
May 20251,410,161137,8519.8%
June 2025765,06534,2854.5%
July 2025723,57261,6428.5%
August 2025622,08790,68414.6%
September 2025226,04217,4477.7%
October 2025400,82429,4767.4%
November 2025321,55150,54715.7%
December 2025245,80624,3869.9%
January 2026422,31752,19012.4%
February 2026352,03861,76617.5%

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

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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