The Treasury Department expects to borrow $275 billion in the fourth quarter, it announced Monday.


Bloomberg News

Treasury assumes a $205 billion cash balance at yearend.

This compares to the $501 billion estimate for borrowing and a $360 billion cash balance in July’s borrowing estimate statement.

“The decrease in borrowing is driven primarily by changes in cash balance assumptions,” Treasury said in a statement.

During the third quarter, Treasury borrowed $189 billion and with a cash balance of $159 billion, compared to estimates of $96 billion and $60 billion, respectively.

In the first quarter of 2018, Treasury expects to borrow $512 billion, ending with a cash balance of $300 billion.

Additional financing details relating to Treasury’s quarterly refunding will be released at 8:30 a.m. on Wednesday

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