Market Value of Gross Federal Debt
This dataset tracks market value of gross federal debt over time.
Latest Value
34273.00
Year-over-Year Change
6.16%
Date Range
1/1/1942 - 6/1/2025
Summary
The Market Value of Gross Federal Debt tracks the total market value of outstanding U.S. government debt securities. This metric is important for economists and policymakers to understand the government's financing costs and debt sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Market Value of Gross Federal Debt represents the total market value of Treasury securities, Federal Financing Bank instruments, and other debt obligations issued by the federal government. This differs from the par or face value of outstanding debt, as market prices fluctuate due to interest rate changes and other factors.
Methodology
The data is calculated by the Federal Reserve based on prices of outstanding government debt instruments.
Historical Context
This metric provides insight into the government's borrowing costs and the broader bond market's assessment of U.S. fiscal health.
Key Facts
- The U.S. government's gross debt reached a record high of over $31 trillion in 2022.
- The market value of federal debt can diverge from the par value due to interest rate fluctuations.
- Tracking the market value helps policymakers assess borrowing costs and debt sustainability.
FAQs
Q: What does this economic trend measure?
A: The Market Value of Gross Federal Debt tracks the total market value of outstanding U.S. government debt securities, rather than the par or face value.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's borrowing costs and the broader bond market's assessment of U.S. fiscal health, which is crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on prices of outstanding government debt instruments.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the government's financing costs and debt sustainability, which informs decisions on fiscal policy and debt management.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with minimal delays. However, the market value can fluctuate daily based on changes in interest rates and other factors.
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Citation
U.S. Federal Reserve, Market Value of Gross Federal Debt (MVGFD027MNFRBDAL), retrieved from FRED.