All articles tagged with #fiscal flows
The U.S. Department of the Treasury has announced its estimates for privately-held net marketable borrowing for the first and second quarters of 2024, with expectations to borrow $760 billion and $202 billion respectively. These estimates have been adjusted due to projections of higher net fiscal flows and cash balances. Additional financing details will be released on January 31, 2024.
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.