US Securities Outstanding (SIFMA)
US securities outstanding and debt market totals by instrument category from SIFMA.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total by SIFMA scope | 51,400.92 | 50,763.15 | 49,809.75 | 49,178.58 | 47,829.15 | 47,497.17 | 46,841.14 | 46,332.91 | 45,306.88 | 45,082.31 | |
| Treasury securities | 31,082.24 | 30,842.2 | 30,267.25 | 29,710.62 | 28,653.2 | 28,582.54 | 28,276.15 | 27,723.82 | 27,045.48 | 26,946.02 | |
| Corporate bonds | 12,131.13 | 11,972.48 | 11,778.46 | 11,745.75 | 11,434.97 | 11,399.53 | 11,153.85 | 11,244.63 | 10,961.45 | 10,892.63 | |
| Municipal securities | 4,541.06 | 4,466.02 | 4,414.52 | 4,377.02 | 4,323.03 | 4,251.42 | 4,215.87 | 4,203.13 | 4,167.89 | 4,121.26 | |
| Federal agency securities | 2,233.52 | 2,094.11 | 2,026.64 | 2,034.4 | 2,072.35 | 1,982.42 | 2,021.51 | 1,956.77 | 1,952.17 | 1,926.35 | |
| Commercial paper | 1,412.98 | 1,388.35 | 1,322.88 | 1,310.79 | 1,345.61 | 1,281.26 | 1,173.75 | 1,204.56 | 1,179.9 | 1,196.05 |
Latest reading
Total by SIFMA scope stood at 51,400.92 USD billion in Q2 2026. That is +1.3% from Q1 2026 and +7.5% from a year earlier. The series on this page is quarterly and runs from Q1 2024 to Q2 2026. Source: SIFMA — Securities Industry and Financial Markets Association.
- Latest
- 51,400.92 USD billion
- Q2 2026
- vs previous period
- +1.3%
- Q1 2026
- vs a year earlier
- +7.5%
About this data
US securities outstanding and debt market totals by instrument category from SIFMA. This quarterly dataset tracks the dollar volume of US Treasury securities, corporate bonds, municipal debt, federal agency issues, and commercial paper since 2024. Published by the Securities Industry and Financial Markets Association in billion US dollars.
Frequently asked questions
- What does the US Securities Outstanding (SIFMA) table measure?
- It measures the total debt volume of major US financial market instruments, including Treasury securities, corporate bonds, municipal securities, federal agency securities, and commercial paper, reported in billion US dollars.
- How often is the US Securities Outstanding data published and how far back does it go?
- The data is published on a quarterly basis by the Securities Industry and Financial Markets Association, with historical series starting from 2024.
- Which categories and breakdowns are included in the SIFMA securities dataset?
- The dataset provides totals by SIFMA scope, covering Treasury securities, corporate bonds, municipal securities, federal agency securities, and commercial paper.
- Does this table represent the entire US bond market?
- No, certain categories such as mortgage-backed and asset-backed securities are excluded due to source maintenance, meaning the total reflects only the active instrument classes in the release.
