MNI China Daily Summary: Thursday, May 16

MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: US APR INDUSTRIAL PROD +0.0%; CAP UTIL 78.4%

Homebuilding Activity Transitioning From Plateau To Pullback

MNI: US JOBLESS CLAIMS -10K TO 222K IN MAY 11 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI BRIEF: US Treasury Expects To Borrow $1.859T By Yearend

(MNI) WASHINGTON

The U.S. Treasury Department on Monday announced it expects to borrow USD1.007 trillion in privately-held net marketable debt in the third quarter and an additional USD852 billion in the fourth quarter.

Treasury's third quarter estimate is USD274 billion more than previously announced in May, primarily due to a low cash balance at the start of the quarter. Adjusted for changing cash balance levels, third quarter borrowing is expected to be the greatest quarterly borrowing on record. The U.S. agency also raised its previous assumption for the end-of-September cash balance by USD50 billion to USD650 billion, while assuming an end-of-December balance of USD750 billion.

During the second quarter, the U.S. borrowed USD657 billion and ended the quarter with a USD402 billion cash balance. The Treasury's quarterly refunding, which is expected to show coupon increases, will be released at 8:30 a.m. August 2.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorBriefStoryRegionNorth America
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorBriefStoryRegionNorth America

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