To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. April 30, 2007 Treasury Announces Market Financing Estimates Washington, DC- Treasury announced its current estimates of net marketable financing today for the April – June 2007 and July – September 2007 quarters:
During the January – March 2007 quarter, Treasury borrowed $126 billion of net marketable debt, finishing with a cash balance of $6 billion at the end of March. In January 2007, Treasury announced net marketable borrowing of $141 billion, assuming an end-of-March cash balance of $10 billion. The decrease in borrowing was primarily the result of higher-than-expected net issuances of State and Local Government Series securities. Since 1997, the average absolute forecast error in net borrowing of marketable debt for the current quarter is $11 billion and the average absolute forecast error for the end-of-quarter cash balance is $9 billion. Similarly, the average absolute forecast error for the following quarter is $33 billion and the average absolute forecast error for the end-of-quarter cash balance is $11 billion. Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 a.m. on Wednesday, May 2.
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