Mitch Strohm

Mitch Strohm is the Managing Editor of PrimeRates.com and a writer, editor and digital marketer based out of Nashville, TN. Working in the industry for well over a decade, he has been the manager editor for several financial sites and has been featured in publications including Business Insider, Bankrate, The Motley Fool and Yahoo Finance.

Joined: October 19, 2017
Articles: 53

Budget, Personal Loans

Direct Bidders Take a Record 41% of Treasury’s $69 Billion 2-Year Note

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Direct bidders took 41.32% of Treasury's $69 billion 2-year note auction on October 26, a four-year record for the maturity, as indirect bidders fell to 45.68%.

Mitch Strohm
October 27, 2026

Budget, Personal Loans

Treasury Sells $26 Billion in 5-Year TIPS at 2.367%, a Three-Year High

Wide exterior view of the neoclassical United States Treasury Department building in Washington photographed from across the street in warm late afternoon October light with tall stone columns casting long shadows down the facade, bare autumn tree branches entering the frame at one edge, and an overcast sky broken by a band of gold light above the roofline

Treasury sold $26 billion of five-year TIPS on October 22 at a 2.367% high real yield, the highest for the maturity since October 2023, on a 2.41 bid-to-cover.

Mitch Strohm
October 24, 2026

Budget, Personal Loans

One-Year Treasury Yield Runs 50 Basis Points Above the Fed’s 4% Ceiling

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The one-year Treasury yield reached 4.50% on October 19, a full 50 basis points above the Fed's 4.00% ceiling, pricing two more hikes before the October 28 FOMC vote.

Mitch Strohm
October 21, 2026

Budget, Personal Loans

Debt Held by the Public Tops $32.5 Trillion, Nearly Matching Annual GDP

The United States Treasury Department building in Washington D.C. photographed in wide composition at golden hour with tall neoclassical stone columns along the facade, long angled shadows falling across the limestone steps, and warm late afternoon light breaking through an overcast autumn sky above the roofline

Federal debt held by the public reached $32.538 trillion on October 15, the first reading above $32.5 trillion on record, after $391 billion of Treasury auctions settled that day.

Mitch Strohm
October 18, 2026

Budget, Credit Cards

Treasury Bills Reach 22.4% of Marketable Debt, Highest Share Since 2020

The south facade of the United States Treasury Building photographed at sunrise in autumn, tall neoclassical columns lit by warm low-angle light, wide empty granite steps in the foreground and bare maple branches at the edge of the frame in light morning haze.

Treasury bills ended fiscal 2026 at $7.118 trillion, or 22.36% of marketable federal debt, the largest fiscal year end share since 2020. Bills grew $721.1 billion over the year.

Mitch Strohm
October 12, 2026

Budget, Personal Loans

Average Interest Rate on the Federal Debt Hits 3.531% as New Bonds Pay 5.618%

The neoclassical stone facade and tall columns of the United States Treasury Department building in Washington DC lit by late afternoon sunlight under a clear sky

Treasury's blended rate on all interest bearing federal debt reached 3.531% on September 30, the highest since April 2009, while new 30-year bonds cleared 5.618%.

Mitch Strohm
October 9, 2026

Budget, Personal Loans

Core PCE Holds at 3.0% in August as Consumer Spending Jumps 0.9%

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Core PCE inflation held at 3.0% in August while consumer spending jumped 0.9% and the saving rate fell to 4.1%, leaving the Fed a split signal before the October FOMC meeting.

Mitch Strohm
September 30, 2026

Budget, Personal Loans

Treasury Raises Bill Auction Sizes and Will Sell $316 Billion in Two Days

Wide view of a modern institutional bond trading floor at dawn with long rows of dark wood desks holding many blank glowing amber and deep blue screens, empty leather chairs pushed in, polished concrete floor reflecting the screen light, and tall floor to ceiling windows on the right showing soft grey morning light over a distant city skyline

Treasury raised four bill auction sizes on September 24 and will sell $316 billion on Monday and Tuesday, $18 billion more than the same four tenors raised at their most recent sales.

Mitch Strohm
September 27, 2026

Budget, Personal Loans

Treasury 5-Year Note Auction Clears 5.033%, Highest Since June 2006

The neoclassical stone facade and Ionic colonnade of the United States Treasury Department building in Washington photographed in low golden afternoon light, with pedestrians walking along the sidewalk below the steps.

Treasury sold $70 billion of five-year notes at a 5.033% high yield on September 23, the highest since June 2006, with the weakest bid-to-cover since December 2018.

Mitch Strohm
September 24, 2026

Budget, Personal Loans

Treasury Bill Yields Jump 17 Basis Points as Fed Opens September Meeting

Wide photograph of a modern institutional fixed income trading desk at dawn with several curved dark monitors glowing with abstract green and amber line charts and grids an empty ergonomic chair pushed back a ceramic coffee cup beside a keyboard and floor to ceiling windows behind showing a blue grey city skyline at first light

Treasury sold 13-week bills at 3.970 percent and 26-week bills at 4.060 percent on September 14, a 17 basis point weekly jump, as the FOMC opened its two-day September meeting.

Mitch Strohm
September 15, 2026