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Treasury Announces Marketable Borrowing Estimates
The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing for the October – December 2024 and January – March 2025 quarters. During the October – December 2024 quarter, Treasury expects to borrow $546 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $700 billion. The borrowing estimate is $19 billion lower than announced in July 2024, largely due to a higher beginning-of-quarter cash balance partially offset by lower net cash flows. During the January – March 2025 quarter, Treasury expects to borrow $823 ... (full story)