WASHINGTON (Reuters) - The U.S. Treasury said on Monday it expects to borrow $29 billion less during the fourth quarter than previously estimated.
The department said in a statement it expects to issue $352 billion through credit markets during the October-December period, assuming an end-December cash balance of $410 billion.
Treasury also expects to issue $389 billion in net marketable debt in the January-March 2020 period. In the third quarter of this year, Treasury borrowed $440 billion through credit markets.
Additional details of Treasury’s quarterly refunding will be announced at 0830 EDT (1230 GMT) on Wednesday.
Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci