Financing the Government

The Treasury Department's primary goal in debt management policy is to finance the government at the lowest cost over time. To meet this objective we issue debt in a regular and predictable manner, provide transparency in our decision-making, and seek continuous improvements in the auction process. In creating and executing our financing plans, we must contend with various uncertainties and potential challenges, such as unexpected changes in our borrowing needs, changes in the demand for our securities, and anything that inhibits efficient and timely sales of our securities. To manage these risks, we closely monitor economic conditions, fiscal policy, and market activity, and, where appropriate, respond with appropriate changes in debt issuance based on our analysis and consultation with market participants.

Treasury Quarterly Refunding

Changes in debt management policy are generally informed by and communicated through the quarterly refunding process near the middle of each calendar quarter.

Interest Rate Statistics

On a daily basis, Treasury publishes Treasury Yield Curve Rates, Treasury Real Yield Curve Rates, Treasury Bill Rates, Treasury Long-Term Rates and Extrapolation Factors, and Treasury Real Long-Term Rate Averages.

Treasury Marketable and Non-Marketable Securities

Treasury finances the government’s expenditures by issuing marketable securities through regular auctions, and non-marketable securities through a variety of programs and distribution methods.

Treasury Investor Data

Data and Statistics relating to Treasury securities relevant  to Treasury investors.

Debt Management Research

Papers and presentations on a variety of issues related to Treasury Debt Management.