The US's new bond issuance calendar has been announced to the markets

The U.S. Treasury announced it will hold three separate auctions next week to sell a combined $125 billion in 3-, 10- and 30-year notes, with proceeds aimed at refinancing maturing debt and raising fresh funding. The schedule sets the near-term pace of government borrowing and will test investor demand across the curve, particularly at the long end where duration risk is highest. The auctions matter because their reception shapes Treasury yields, which feed into mortgage rates, corporate borrowing costs and global risk appetite. Traders will watch the bid-to-cover ratios, indirect bidder participation and tail sizes for signs of weakening demand, alongside any commentary from Treasury officials on issuance plans for the rest of the quarter.