To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. October 30, 2006 Treasury Announces Market Financing Estimates Treasury announced its current estimates of net marketable financing for the October – December 2006 and January – March 2007 quarters:
During the July – September 2006 quarter, Treasury borrowed $45 billion of net marketable debt, finishing with a cash balance of $52 billion at the end of September. In July 2006, Treasury announced net marketable borrowing of $30 billion, assuming an end-of-September cash balance of $35 billion. The increase in borrowing was primarily the result of an end-of-quarter cash balance that was $17 billion higher 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, November 1. REPORTS |
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