Who funds the roll?

Tape log

Updates

A dated record of the file, not a blog.

  1. 2026-09-04

    MSPD Aug 31 print — wall $10.48T→$10.77T · bills $6.99T→$7.25T · ratio 22.8→22.0 bp · gross/public as-of 2026-09-03 ($40.10T / $32.42T). Tokenized still $15.92B (2026-09-04).

  2. 2026-09-04

    Holders: all 14 rails keyed across Reserve attestations and Tokenized Treasury rails.

  3. 2026-09-04

    12-month maturity wall first print $10.48T as of 2026-07-31 (MSPD Table III marketable CUSIP sum).

  4. 2026-09-04

    Tape file opened. Curated snapshot. Mixed vintages are intentional. Debt-to-the-penny legs as of 2026-09-02. Bill stock as of 2026-07-31. Tokenized T-bills as of 2026-09-04. Twelve-month wall first print $10.48T as of 2026-07-31 (MSPD Table III). All 14 holders rails keyed across Reserve attestations and Tokenized Treasury rails.