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Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview
Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview
The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows.
In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.
According to the...
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