US Treasury Market Tops $30 Trillion, Doubling Since 2018

The US Treasury building in Washington.

Photographer: Samuel Corum/Bloomberg

US government debt in Treasuries topped $30 trillion for the first time — having more than doubled since 2018 as the pandemic-era borrowing surge takes its toll.

The combined total amount of Treasury bills, notes and bonds increased by about 0.7% in November to $30.2 trillion, according to data released Thursday.