Treasury Announces Marketable Borrowing Estimates

View Sources and Uses TablesWASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the April – June 2018 and July – September 2018 quarters:During the April – June 2018 quarter, Treasury expects to borrow $75 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $360 billion. The borrowing estimate is $101 billion lower than announced in January 2018. The decrease in borrowing is driven primarily by the higher end-of-March cash balance combined with the higher cash surplus during the quarter.2During the July – September 2018 quarter, Treasury expects to borrow $273 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $350 billion.During the January – March 2018 quarter, Treasury borrowed $488 billion in privately-held net marketable debt and ended the quarter with a cash balance of $290 billion.