Treasury November 2026 quarterly refunding statement, 4 November 2026

The statements

United States

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury says it is offering $125 billion of securities (3-year, 10-year and 30-year) to refund about $97 billion maturing November 15, 2026, raising about $28 billion in new cash, with auctions on November 9, 10 and 12 and settlement on November 16.

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury says it expects to keep nominal coupon and FRN auction sizes unchanged for several quarters, while continuing to evaluate future changes with a stated objective of lowest financing cost over time.

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury says demand for bills is strong and outlines planned bill auction changes: a possible short-dated cash management bill in late November, reductions in shorter-dated bills in December, and increases in January.

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury plans to change the 7-year note from monthly new issues to a quarterly cycle with two reopenings, effective with the March 2027 new issue.

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury assumes an $850 billion cash balance at end-December and estimates the Treasury General Account could peak at about $1.025 trillion in late November and late January.

• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Hunter McMaster 2026-11-04 · finance · one of several topics in this statement

  Treasury releases a tentative buyback schedule, anticipating purchases of up to $70 billion in off-the-run securities for liquidity support and up to $25 billion in 1-month to 2-year securities for cash management.