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FED SOMA Holdings Summary

Finvaulta tracks 3 editions of FED SOMA Holdings Summary from Deutsche Bank, published between August 4, 2026 and September 18, 2026. Each edition is summarized on its own page.

Latest edition · September 18, 2026

Fed SOMA Holdings Analytics for Treasury securities in SOMA

This report details Federal Reserve System Open Market Account (SOMA) holdings across nominal US Treasury and TIPS securities as of September 17, 2026. SOMA holds $3.60 trillion par of nominal Treasuries and $280 billion par of TIPS, tracking individual bond ownership percentages, spline deviations, and next-pass eligibility.

Deutsche Bank's US Interest Rate Strategy team provides a granular inventory of Federal Reserve SOMA holdings for nominal US Treasuries and TIPS as of September 17, 2026. Across nominal securities, the Fed holds $3,601 billion par ($3,175 billion market value) with a modified duration of 5.31 years and DV01 of 5.51, representing $3,189 billion in 10-year equivalents. For TIPS, SOMA holds $280 billion par ($245 billion market value) with a modified duration of 6.22 years. The data table highlights relative value metrics, such as spread-to-spline and 3-month t-stats, as well as pass-eligibility constraints for bonds approaching the Fed's 70% ownership cap.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.Federal Reserve holdings across nominal Treasury securities in the SOMA portfolio stand at $3,601 billion in par amount ($3,175 billion market value), against a total outstanding amount of $22,019 billion.
  • 2.Federal Reserve holdings across TIPS securities in the SOMA portfolio stand at $280 billion par amount ($245 billion market value) out of $1,749 billion total par outstanding.
  • 3.The modified duration of the Fed's nominal SOMA portfolio is 5.31 years (compared to 4.04 years for the entire Treasury universe and 3.75 years for the tradable portion), representing $3,189 billion in 10-year equivalents.

What this series covers

  • FED SOMA Holdings Summary 18-09-26
  • Summary of Nominal Securities in SOMA Portfolio
  • TIPS
  • Summary of TIPS Securities in SOMA Portfolio
  • US Fixed Income Research Contributors
  • Additional Information

Edition archive

Series at a glance

Editions tracked
3
First edition
August 4, 2026
Latest edition
September 18, 2026
All Deutsche Bank research

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