Data & Downloads


Daily outstanding US Treasury volumes
Outstanding volumes for Treasury bills and non-bills (including notes and bonds)
Data are constructed based on information from Treasury auctions
Microsoft Excel-Dokument [150.3 KB]

If you use these data, please cite at least one of the following papers:

  1. Klingler and Sundaresan (JME, 2023)
  2. Klingler and Syrstad (JFE, 2021)
Relative primary dealer holdings & auction allocations
Primary dealer holdings as fractions of total outstanding Treasury debt & fraction of issued securities allocated to primary dealers in a given week
Microsoft Excel-Dokument [83.0 KB]

If you use these data, please cite us: Klingler and Sundaresan (JME, 2023)

Keynote speech: Burying LIBOR

Slides for Keynote Speech
PDF-Dokument [844.7 KB]
Download latest version:
Life After Libor.pdf
PDF-Dokument [808.3 KB]

with Olav Syrstad

Journal of Financial Economics, forthcoming

A previous version ("Burying LIBOR") was circulated as Norges Bank Working Paper


Abstract: We examine the alternative reference rates that are set to replace the London Interbank Offered Rate (LIBOR) as benchmark rate by the end of 2021. After providing the relevant background, we show that: (i) depending on the marginal lenders, tighter regulatory constraints can either increase or decrease the alternative benchmarks; (ii) increases in the amount of government debt outstanding increase the alternative benchmarks, more so for collateralized rates; (iii) more central bank reserves lower the alternative benchmarks. In addition, we show that term rates based on the alternative reference rates are detached from banks' marginal funding costs.

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