US Treasury to Pay Down $26 Billion in Debt in Q2
Posted: Tue May 03, 2022 9:35 am
NEW YORKâThe U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion, primarily because of an increase in receipts. The second-quarter estimate assumes an end-of-June cash balance of $800 billion. The Treasury has been paring back debt auction sizes since November after ramping up debt issuance in 2020 to pay for pandemic-related spending. It expects to borrow $182 billion in privately held net marketable debt in the July to September quarter, assuming an end-of-September cash balance of $650 billion. It said it issued $668 billion in net debt in the first quarter this year, ending the three-month period with a cash balance of $652 billion. ...
Source: https://www.theepochtimes.com/us-treasu ... 41409.html
Source: https://www.theepochtimes.com/us-treasu ... 41409.html