To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. January 29, 2007 Treasury Announces Market Financing Estimates Treasury announced its current estimates of net marketable financing today for the January – March 2007 and April – June 2007 quarters:
During the October – December 2006 quarter, Treasury borrowed $42 billion of net marketable debt, finishing with a cash balance of $31 billion at the end of December. In October 2006, Treasury announced net marketable borrowing of $63 billion, assuming an end-of-December cash balance of $30 billion. The decrease in borrowing was primarily the result of lower outlays and 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 $34 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, January 31.
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