Federal Debt

The columned north front of the U.S. Treasury Building in Washington, with a bronze statue of Albert Gallatin on a stone pedestal in the paved courtyard in front of the steps.

The Treasury Sold the Same $125 Billion of Notes and Bonds This Week as Last November, but the Coupons Will Cost $1.26 Billion a Year More

The Treasury sold $58 billion of 3-year notes, $42 billion of 10-year notes and $25 billion of 30-year bonds between 9 and 12 November 2026, the same sizes as a year earlier. The 10-year note sold at a high yield of 5.020 per cent and the 30-year bond at 5.441 per cent. The Treasury has said it expects to keep coupon auction sizes unchanged for several more quarters.

By Daniel Okafor 3 hours ago

Two men walk past the stone facade of the Treasury Department building in Washington, with 'The Department of the Treasury' carved above three doors and seals mounted between them.

The Numbers

Washington Paid $709 Billion of Interest This Year, Almost as Much as It Sent the States for Medicaid

The Treasury paid $709.3 billion of interest on its securities in the fiscal year that ended on Wednesday, according to its daily cash statement, up 16 per cent from a year earlier and more than twice the level of 2022. Medicaid grants to the states came to $721.4 billion. Four years ago interest was about half of Medicaid. The average rate on the debt is still below 3.5 per cent, while new ten-year debt costs 5.3.

By Daniel Okafor October 4, 2026

Federal Debt

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The Treasury Sold the Same $125 Billion of Notes and Bonds This Week as Last November, but the Coupons Will Cost $1.26 Billion a Year More

Washington Paid $709 Billion of Interest This Year, Almost as Much as It Sent the States for Medicaid