U.S. Treasury lowers fourth-quarter borrowing estimate to $569 billion
Jinse Finance reported that the U.S. Treasury Department has released its fourth-quarter financing estimates, projecting borrowing of $569.0 billion for the fourth quarter, which is $21.0 billion less than the July estimate. This reduction is mainly due to a higher cash balance at the beginning of the quarter, partially offset by lower expected net cash flows. Excluding the higher-than-expected beginning-of-quarter cash balance, the borrowing estimate for the quarter is $20.0 billion higher than the data released in July. Assuming a cash balance of $850.0 billion at the end of March next year, the Treasury expects to finance $578.0 billion in privately held net marketable debt securities in the January to March quarter of 2026.
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