Free Trial
US OUTLOOK/OPINION

Recession Consensus Mounts: Timing/Severity Vary (3/4)

US TSY FUTURES

BLOCK, 2Y Sale

EURGBP TECHS

Trend Signals Point North

US OUTLOOK/OPINION

Recession Consensus Mounts: "40+% Chance" Views (2/4)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: US Treasury Expects $26B In Pay Downs In Q2

(MNI) Washington

The U.S. Treasury Department on Monday announced it expects to pay down USD26 billion in privately-held net marketable debt in the second quarter, USD92 billion lower than announced in January, and the first pay down since the second quarter of 2016.

The Treasury also announced it is assuming a higher end-of-quarter cash balance of USD800 billion, a hundred billion more than just a quarter ago, and higher because expected outflows as well as the timing of receipts. For the third quarter, Treasury plans to borrow USD182 billion, assuming an end-of-September cash balance of USD650 billion.

Keep reading...Show less
168 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The U.S. Treasury Department on Monday announced it expects to pay down USD26 billion in privately-held net marketable debt in the second quarter, USD92 billion lower than announced in January, and the first pay down since the second quarter of 2016.

The Treasury also announced it is assuming a higher end-of-quarter cash balance of USD800 billion, a hundred billion more than just a quarter ago, and higher because expected outflows as well as the timing of receipts. For the third quarter, Treasury plans to borrow USD182 billion, assuming an end-of-September cash balance of USD650 billion.

Keep reading...Show less