The US Treasury on Monday said that it expects to borrow $947 billion in debt in the third quarter to fund the massive coronavirus-induced spending surge. The new forecast is $270 billion higher than the previous projection made in May, according to Bloomberg. The Congressional Budget Office sees the deficit reaching a record $3.7 trillion in the fiscal year ending Sept. 30. Meanwhile, the Treasury anticipates selling $1.216 trillion in net marketable debt in three months through December. Treasury’s announcement to raise the borrowing target did not have any notable impact on yields on Monday, The yield on three-month bills was steady near 0.09%, while the 10-year yield hovered around 0.55%. The benchmark yield is down nearly 140 basis points on a year-to-date basis as increased spending and bond supply has been accompanied by Federal Reserve’s open-ended asset purchases. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australian new coronavirus cases, Victoria said to have 439 cases added today FX Street 3 years The US Treasury on Monday said that it expects to borrow $947 billion in debt in the third quarter to fund the massive coronavirus-induced spending surge. The new forecast is $270 billion higher than the previous projection made in May, according to Bloomberg. The Congressional Budget Office sees the deficit reaching a record $3.7 trillion in the fiscal year ending Sept. 30. Meanwhile, the Treasury anticipates selling $1.216 trillion in net marketable debt in three months through December. Treasury’s announcement to raise the borrowing target did not have any notable impact on yields on Monday, The yield on three-month bills… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
