US Treasury boosts Q2 borrowing outlook to 189 billion
The Treasury raised its second-quarter borrowing estimate to 189 billion dollars due to weak cash flows. It expects to borrow 671 billion in the third quarter.
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The United States Treasury raised its second-quarter borrowing estimate to $189B, up $79B from its February projection. Weaker-than-expected cash flows drove the increase, which assumes a $900B cash balance by the end of June. Bondholders are monitoring whether the government will increase longer-dated debt issuance to fund $166B in potential tariff refunds.