The U.S. Treasury Department raised its borrowing estimate for July to September to $739 billion

According to Jinshi, the U.S. Treasury Department expects that in the quarter from July to September 2026, the net marketable debt financing held by the private sector will reach $739 billion, assuming a cash balance of $950 billion at the end of September. This estimate is $68 billion higher than the data released in May, primarily due to a projected decrease in net cash inflows.

The U.S. Treasury Department expects to finance $628 billion in the quarter from October to December 2026, assuming a cash balance of $850 billion at the end of December.