US Treasury lowers quarterly borrowing estimate for October-December period

1 min read

Investing.com — The U.S. Treasury lowered its estimate for federal borrowing for the current quarter as it looks to continue replenishing its coffers.

The Treasury Department lowered its net borrowing estimate for the October through December quarter to $776 trillion, down from the $852 billion amount it had forecast in late July. 

Ahead of the announcement some had been expecting the Treasury to revised down borrowing projections. 

For Q4, we expect that borrowing projections will be revised down to $745B from $850B in the first cut,” Jefferies said in a note.

For the January to March 2024 quarter, Treasury expects to borrow $816 billion in privately-held net marketable debt, assuming an end-of-March cash balance of $750 billion.

were little changed following the news.  

The Treasury on Wednesday will release the Treasury’s Quarterly Refunding statement, which includes a breakdown of how it intends to issue the debt.

The Treasury’s funding plans have taken on added importance in recent months as some have attributed increased Treasury supply as one of the reasons for the jump in Treasury yields to multi-month highs.  

The U.S. Treasury has stepped up the pace of U.S. government bonds issuance after depleting its reserves to fund government operations – following the debt ceiling debacle earlier this year. 

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

After 6% Drop This Year, Pricing Growth To Bolster Starbucks’ Q4

Next Story

Taco Bell parent Yum Brands gets Q3 earnings beat, but revenue falls short

Latest from Economy

مشاهير العرب سكس arabpornsamples.com زبر نايم
قصص ن realarabporn.com انجلا وايت
little pussy analpornstars.info chut land ki film
old movies telugu fuckmetube.mobi sapna rathi sex
pandaniku youhentai.org cbt hentai
xx com indian indianpornfeed.com bf vs gf
bf sex sex sex hqtube.mobi husband wife sexy video
desi sex video tumblr sexozavr.com animal fuck women
marathi blue film com xxx-tube-list.info xixxx video
bed room xnxx prontv.mobi real chut image
ytmp4 eroanal.net bhojpuri sexy
fpo xxx indiandesiclips.com nepal call girl
xvideo wwe gotporn.mobi www.indianxnxx
sex videos sunny leone erofreeporn.net hot malayalam actress navel pictures
presyo ng mga bilihin onlineteleserye.com love revolution season 2