US Treasury Unexpectedly Reports Sharp Drop In Debt Borrowing Needs, Rates Slide

Apr 28th 2025 3:49pm EDT

US Treasury Unexpectedly Reports Sharp Drop In Debt Borrowing Needs, Rates Slide In our preview of today’s Treasury borrowing estimate release, we said that we expect the Treasury to announce $507bn in Q2 borrowing, a “figure much higher than Treasury’s estimate of $123bn in February” and entirely due to a lower starting cash balance, which […]

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