Who funds the roll?

UNITED STATES ONLY

The Tape

A dated snapshot of the US sovereign rollover wall and the dollar settlement rails that sit in front of it. Mixed vintages are labeled. Not a live feed.

Tokenized Treasuries Ratio

0.202% · 20.2 bp

Vintage mismatch: numerator 2026-10-22 / denominator 2026-09-30

Tokenized U.S. Treasuries / marketable T-bill stock

Most of the roll is still off-chain. Tokenized Treasuries are two-tenths of a percent of the bill stock.

Cite

Cite this tape for the 12-month wall and the Tokenized Treasuries Ratio.

Cite Treasury Fiscal Data and rwa.xyz for the rows those figures rest on.

Fiscal Tape. US Federal Debt and Tokenized U.S. Treasuries [dated snapshot].
https://fiscaltape.com
File as of 2026-10-22.

Those upstream links stay on Receipts.

Questions

What is Fiscal Tape?

A dated public dashboard of the US sovereign rollover wall and the dollar settlement rails that sit in front of it. It is privately operated and is not a U.S. Treasury, Federal Reserve, or SEC product. It is not a live feed.

What is the 12-month maturity wall?

Fiscal Tape's sum of marketable Treasury CUSIPs from MSPD Table III whose maturity date is on or before the statement date plus twelve months. It includes bills, notes, bonds, TIPS, and FRNs and excludes nonmarketable securities. It is recomputed when a new MSPD posts, not daily.

What is the Tokenized Treasuries Ratio?

Tokenized U.S. Treasuries (rwa.xyz distributed value) divided by marketable T-bill stock from MSPD Table III. The quotient is computed on the page and is not stored as its own series. If the two as-of dates differ, the page shows a vintage mismatch.

Is Fiscal Tape official Treasury data or a live feed?

No. Debt stocks are copied from Treasury Fiscal Data and the tokenized numerator is copied from rwa.xyz into a dated tape file. The browser does not poll Treasury, FRED, or rwa.xyz.

How should I cite Fiscal Tape?

Fiscal Tape. US Federal Debt and Tokenized U.S. Treasuries [dated snapshot]. https://fiscaltape.com. File as of YYYY-MM-DD. Cite Treasury Fiscal Data and rwa.xyz for the rows those figures rest on.

What does the household calculator show?

Debt held by the public divided by a US household count (Census via FRED TTLHH). The division runs in the browser. It is not a tax bill, a household liability, or financial advice.