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post: US BOOSTS APRIL-JUNE BORROWING EST. TO $243B FROM $202B post: US Treasury Says April-June Borrowing Estimate Assumes End-June Cash Balance of $750 Billion US Treasury Expects to Borrow $847 Billion in July-September Quarter, Assuming End-September Cash Balance of $850 BillionTreasury Announces Marketable Borrowing Estimates The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion.[2] The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially offset by a higher beginning of quarter cash balance.[3] During the July – September 2024 quarter, Treasury expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion. During the January – March 2024 quarter, Treasury borrowed $748 billion in privately-held net marketable debt and ended the quarter with a cash balance of $775 billion. In January 2024, Treasury estimated borrowing of $760 billion and assumed an end-of-March cash balance of $750 billion. Privately-held net marketable borrowing was $12 billion lower largely because higher cash receipts and lower outlays were partially offset by a $25 billion higher ending cash balance. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 1, 2024.
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To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up the yen. That debt has swelled to the equivalent of more than 250% of the nation’s economy, more than any of its peers, according to data from the International Monetary Fund. And, ...
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