"Treasury Reveals Projected Borrowing Figures for Market"

The U.S. Department of the Treasury has announced its estimates for privately-held net marketable borrowing for the July-September 2023 and October-December 2023 quarters. In the July-September quarter, the Treasury expects to borrow $1.007 trillion, $274 billion higher than previously announced, due to lower beginning-of-quarter cash balance, higher end-of-quarter cash balance, and projections of lower receipts and higher outlays. For the October-December quarter, the Treasury expects to borrow $852 billion. Additional financing details will be released on August 2, 2023.