Treasury Announces Marketable Borrowing Estimates

Sources and Uses TableWASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing for the April–June 2026 and July–September 2026 quarters. During the April–June 2026 quarter, Treasury expects to borrow $189 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $900 billion. The borrowing estimate is $79 billion higher than announced in February 2026, primarily due to lower projected net cash flows, partially offset by the higher-than-assumed beginning-of-quarter cash balance. Excluding the higher-than-assumed beginning-of-quarter cash balance, the current quarter borrowing estimate is $122 billion higher than announced in February.During the July–September 2026 quarter, Treasury expects to borrow $671 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $950 billion.During the January–March 2026 quarter, Treasury borrowed $577 billion in privately-held net marketable debt and ended the quarter with a cash balance of $893 billion.