To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. July 30, 2007 Treasury Announces Market Financing Estimates Washington- Treasury announced its current estimates of net marketable financing for the July – September 2007 and October – December 2007 quarters:
During the April – June 2007 quarter, Treasury paid down $139 billion of net marketable debt, finishing with a cash balance of $25 billion at the end of June. In April 2007, Treasury announced an estimated pay down in net marketable borrowing of $145 billion, assuming an end-of-June cash balance of $30 billion. The increase in borrowing was primarily the result of slightly lower receipts. Since 1997, the average absolute forecast error in net borrowing of marketable debt for the current quarter is $13 billion and the average absolute forecast error for the end-of-quarter cash balance is $10 billion. Similarly, the average absolute forecast error for the following quarter is $32 billion and the average absolute forecast error for the end-of-quarter cash balance is $10 billion. Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 a.m. on Wednesday, August 1. REPORTS |
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