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الاقتصادية
US Treasury raises Q3 borrowing to $739B
The U.S. Treasury Department announced that it expects to borrow $739 billion in the third quarter of 2023, an increase of $68 billion from the May forecast, due to lower cash inflows not fully offset by the higher-than-expected cash balance. This increase comes despite the department assuming a cash balance of $950 billion at the end of September, with an estimated borrowing of $628 billion for the fourth quarter, and targeting a cash reserve of $850 billion by year's end. Markets are closely monitoring the department's refinancing plans, especially as rising oil prices and Middle East tensions have pushed bond yields to their highest levels in years, amidst efforts to avoid triggering disruptions in the bond market.
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