The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for July – September 2019 and October – December 2019 quarters: • During the July – September 2019 quarter, Treasury expects to borrow $433 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $350 billion. The borrowing estimate is $274 billion higher than announced in April 2019. The increase in borrowing is primarily driven by changes in cash balance assumptions.[2] • During the October – December 2019 quarter, Treasury expects to borrow $381 billion in ... (full story)