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US Treasury Boosts Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview
The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows. In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast. According to the Treasury, the borrowing estimate is $80 billion higher than announced in February 2026, primarily due to lower projected net cash ... (full story)