"US Treasury's Q1 Borrowing Plan: $760 Billion Refunding Estimate Revealed"
TL;DR Summary
The US Treasury has lowered its Q1 borrowing estimate to $760 billion from $816 billion last year, with plans to borrow $202 billion in the April-June quarter and maintain a cash balance of $750 billion. The Q4 borrowing of $776 billion ended with a cash balance of $769 billion, $19 billion higher than estimated due to a discount on borrowing. The reduced borrowing estimate has led to a decrease in US 10-year yields, which is expected to benefit bonds and stocks while potentially weighing on the US dollar. The Treasury attributes the adjustment to increased net fiscal flows and a higher cash balance.
- Treasury Q1 quarterly refunding estimate $760 vs $816 billion prior ForexLive
- What Investors Need to Know About the U.S. Government's Borrowing Plans The Wall Street Journal
- Most of Wall Street Sees Repeat Uptick in Treasury Auction Sizes Bloomberg
- US Economy Today: Borrowers Are Falling Behind on Their Bills Investopedia
- US Treasury to borrow $760 billion in Q1, lower than forecast Reuters
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
12%
117 → 103 words
Want the full story? Read the original article
Read on ForexLive