U.S. Treasury to Borrow $201 Billion in July-September Quarter, According to Reuters

The U.S. Treasury Department announced on Monday that it anticipates borrowing $201 billion in net marketable debt for the July-September quarter, a rise of approximately $47 billion from its May projection. This adjustment comes in response to lower expected revenues and an increased cash balance as of September 30.

The Treasury expects to conclude the quarter with a cash balance of $350 billion, up from a prior estimate of $300 billion. For the October-December quarter, the department plans to issue $182 billion in net marketable debt, based on the assumption of a $390 billion cash balance by December 31.

During the April-June quarter, the Treasury reduced net marketable debt by $25 billion, finishing the period with a cash balance of $364 billion. This pay-down was $40 billion less than previously expected.

Further details regarding the Treasury’s quarterly refunding will be revealed at 8:30 AM EDT on Wednesday.