US Treasury Raises July-September Borrowing Estimate to $739 Billion
- US Treasury expects to borrow $739 billion in privately held net marketable debt during the July-September 2026 quarter, assuming an end-September cash balance of $950 billion
- The estimate is $68 billion higher than the May forecast, primarily due to lower projected net cash flows
- US Treasury expects to borrow $628 billion during the October-December 2026 quarter, assuming an end-December cash balance of $850 billion
- Treasury borrowed $190 billion during the April-June 2026 quarter, broadly in line with the $189 billion estimate released in May
- Additional details on the Treasury's Quarterly Refunding will be released on August 5 at 8:30 AM ET