Tags: treasury | borrow | 425 billion | fourth | quarter

US Treasury Expects to Borrow $425 Billion in Fourth Quarter

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Monday, 29 October 2018 03:03 PM

The U.S. Treasury said on Monday it expects to borrow $15 billion less during the fourth quarter than previously estimated.

The department said in a statement it expects to issue $425 billion through credit markets during the October-December period, assuming an end-December cash balance of $410 billion.

Treasury also expects to issue $356 billion in net marketable debt in the January-March 2019 period. In the third quarter, Treasury borrowed $353 billion through credit markets.

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Economy
The U.S. Treasury said on Monday it expects to borrow $15 billion less during the fourth quarter than previously estimated.
treasury, borrow, 425 billion, fourth, quarter
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2018-03-29
Monday, 29 October 2018 03:03 PM
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