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The U.S. Treasury estimates borrowing $569 billion in the fourth quarter, a decrease of $21 billion from the July estimate.
On November 4, the U.S. Treasury Department released its financing estimates for the fourth quarter, predicting borrowing of $569 billion in the fourth quarter, a decrease of $21 billion from the July estimate, primarily due to a higher cash balance at the beginning of the quarter, partially offset by anticipated lower net cash flow. Excluding the higher-than-expected cash balance at the beginning of the quarter, borrowing estimates for the season are $20 billion higher than the data released in July. Assuming a cash balance of $850 billion at the end of March next year, the Treasury expects to finance $578 billion in privately held net marketable debt in the January to March 2026 quarter. (Jin10)