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Funding issuanceUnited StatesDeveloping story

US Treasury schedules $119bn September refunding: $58bn 3y, $39bn 10y, $22bn 30y

On September 3, 2026 the US Treasury announced a September auction schedule totaling $119 billion: $58 billion of 3-year notes (Sept 8 auction), $39 billion of 10-year notes (Sept 9) and $22 billion of 30-year bonds (Sept 10), all settling on September 15, 2026.

On September 3, 2026 the US Treasury announced a September auction schedule totaling $119 billion: $58 billion of 3-year notes (Sept 8 auction), $39 billion of 10-year notes (Sept 9) and $22 billion of 30-year bonds (Sept 10), all settling on September 15, 2026.

Large-scale Treasury issuance can raise risk-free US Treasury yields if primary and indirect demand is weak; higher Treasury yields increase discount rates used to value USD-denominated African sovereign and corporate Eurobonds, raising refinancing premia and borrowing costs—especially for long-dated maturities and issuers with near-term rollovers. The actual pass-through depends on auction demand (bid-to-cover) and indirect bidder participation.

Monitor auction results (yields, bid-to-cover ratios, indirect bid share) and settlement on September 15, 2026.

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Further independent confirmation is required.

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