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To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. July 31, 2006 Treasury Announces Market Financing Estimates Treasury announced its current estimates of net marketable financing for the July - September 2006 and October – December 2006 quarters:
During the April – June 2006 quarter, Treasury paid down $92 billion of net marketable debt, ending with a cash balance of $46 billion on June 30. In May 2006, Treasury announced an estimated pay down in net marketable borrowing of $51 billion, assuming an end-of-June cash balance of $25 billion. Cash receipts exceeded cash outlays by $137 billion, contributing to a financing need that was $61 billion less than previously assumed. The pay down in net marketable borrowing over the quarter was $41 billion larger than previously estimated. Since 1997, the average absolute forecast error in net borrowing of marketable debt for the current quarter is $10 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, August 2. -30- REPORTS |
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