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How much US Treasury debt was due within a year on 31 March 2025?

On , $9.28 trillion of marketable US Treasury debt was due within 12 months, 1.0% more than a year earlier ($9.18 trillion on ).

April 2025 is the largest month, with $2.36 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
April 2025 is the largest month, with $2.36 trillion0.001.002.003.00Apr2.36May1.78Jun1.07Jul0.96Aug0.62Sep0.50Oct0.40Nov0.31Dec0.25Jan0.42Feb0.35Mar0.26April 2025 is the largest month, with $2.36 trillion0.001.002.003.00AprJunAugOctDecFeb

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
April 20252,357,0702,061,088181,967043,71470,30115
May 20251,776,9391,501,847275,09200014
June 20251,071,504895,760175,74400012
July 2025964,734672,721165,292054,84271,87915
August 2025622,084350,486260,41111,1870010
September 2025500,233320,710179,5230008
October 2025399,854103,843176,053041,95978,0008
November 2025312,40051,320261,0800006
December 2025245,80648,938196,8680005
January 2026422,22350,618199,406088,20084,0008
February 2026346,63150,503283,29112,838007
March 2026256,89848,117208,7810005
All of these months9,276,3776,155,9502,563,50824,025228,715304,179113

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

What is all marketable debt made of?

KindAmount, $ millionShare
Bills6,155,95021.5%
Notes14,813,85251.8%
Bonds4,919,88517.2%
TIPS2,036,1817.1%
Floating rate notes656,6062.3%
All marketable debt28,582,474100.0%

Bills, the securities that mature within a year of issue, made up 21.5% of marketable debt at the month-end and 66.4% of what matures in the months above.

Weighted by amount, marketable debt had 71.3 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
31 March 20259,276,3776,155,95066.4%
31 March 20249,182,9776,062,86566.0%

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
April 20252,357,07093,2334.0%
May 20251,776,939142,4568.0%
June 20251,071,50435,8573.3%
July 2025964,73462,5156.5%
August 2025622,08493,94015.1%
September 2025500,23318,8543.8%
October 2025399,85429,4927.4%
November 2025312,40050,54716.2%
December 2025245,80624,3869.9%
January 2026422,22352,37512.4%
February 2026346,63161,76617.8%
March 2026256,89822,3818.7%

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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