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.

T-Bill Ratio

0.220%

22.0 bp

Vintage mismatch: numerator 2026-09-04 / denominator 2026-08-31

Tokenized T-bills / marketable T-bill stock

Most of the roll is still off-chain. The digital slice of the bill stock is two-tenths of a percent.