Treasury Expects to Issue $209 Billion in Debt This Quarter

Monday, 29 Jul 2013 03:04 PM

 

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The U.S. Treasury said on Monday it expects to issue $209 billion in net marketable debt in the current quarter, $14 billion below its previous estimate.

The Treasury also said it expects to issue $235 billion in net marketable debt for the October-December quarter, ending the calendar year with a cash balance of $80 billion.

Treasury said it paid down $11 billion in net marketable debt securities in the April-June quarter, below its estimate of $35 billion. But its cash balance at the end of June, $135 billion, was almost double previous estimates, due to a huge cash infusion after Fannie Mae and Freddie Mac paid $66 billion in dividends.

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