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U.S. T-bill supply seen jumping in Q4 if debt cap rises - Morgan Stanley
September 5, 2017 / 3:01 PM / 2 months ago

U.S. T-bill supply seen jumping in Q4 if debt cap rises - Morgan Stanley

NEW YORK, Sept 5 (Reuters) - The U.S. Treasury Department would ratchet up its issuance of bills in the fourth quarter in a bid to raise the amount of cash on hand if Congress and the White House reach a deal to raise the federal debt ceiling, Morgan Stanley analysts said on Tuesday.

They estimated net T-bill supply would total $373 billion in the fourth quarter to achieve a cash balance of $360 billion at the end of December after cutting it to $60 billion in September. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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