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Treasury sees $618 billion in borrowing this quarter

New Street Desk · · Data as of 3:17 p.m. ET

New Street Spotlight card: Treasury sees $618 billion in borrowing this quarter. Treasury expects to borrow $618 billion in privately held net marketable debt in October-December and $800 billion in January-March 2027. Key points: The October-December estimate is $10 billion below the August estimate, assuming an end-of-December cash balance of $850 billion. Excluding the higher-than-assumed beginning-of-quarter cash balance, the estimate is $24 billion higher than announced in August. More Quarterly Refunding financing details are due at 8:30 a.m. ET on Wednesday, Nov. 4. Source: U.S. Treasury, Marketable Borrowing Estimates, Nov. 2, 2026. Data as of 3:17 p.m. ET.

Treasury expects to borrow $618 billion in privately held net marketable debt in October-December and $800 billion in January-March 2027.[1]

The October-December estimate is $10 billion below the August estimate, assuming an end-of-December cash balance of $850 billion.[1]

Excluding the higher-than-assumed beginning-of-quarter cash balance, the estimate is $24 billion higher than announced in August.[1]

More Quarterly Refunding financing details are due at 8:30 a.m. ET on Wednesday, Nov. 4.[1]

Sources

  1. U.S. Department of the Treasury, Treasury Announces Marketable Borrowing Estimates

How to cite: New Street Desk, "Treasury sees $618 billion in borrowing this quarter," New Street, Nov. 2, 2026, https://newstreet.xyz/spotlight/2026-11-02-1547-borrowing/.