Washington, D.C. -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the January – March 2016 and April – June 2016 quarters:
- During the January – March 2016 quarter, Treasury expects to issue $250 billion in net marketable debt, assuming an end-of-March cash balance of $320 billion. This borrowing estimate is $85 billion higher than announced in November 2015. The increase in borrowing is due primarily to an increase in the cash balance and a larger financing need. 1
- During the April – June 2016 quarter, Treasury expects to pay down $112 billion in net marketable debt, assuming an end-of-June cash balance of $350 billion.
During the October – December 2015 quarter, Treasury issued $354 billion in net marketable debt and ended the quarter with a cash balance of $333 billion. In November 2015, Treasury estimated $344 billion in net marketable debt and assumed an end-of-December cash balance of $325 billion. The modest net increase in borrowing was driven by an increase in the end-of-quarter cash balance.1
Additional financing details relating to Treasury's Quarterly Refunding will be released at 8:30 a.m. on Wednesday, February 3, 2016.