U.S. Treasury Watch: $46 Billion in Notes Set for Auction Today
U.S. Treasury Watch: $46 Billion in Notes Set for Auction Today
(Bloomberg) -- Treasury Watch, a daily snapshot of selected content on the U.S. Treasury and government finances.
What to Watch
- Today: Auction of $15 billion in 2-year floating rate notes; $34 billion in 5-year notes
- Today: Treasury Secretary Steven Mnuchin testifies before a Senate subcommittee about tax-related issues
- July 27: Treasury Secretary Steven Mnuchin testifies before House Financial Services Committee about international financial system
- July 27: Auction of $28 billion in 7-year notes
Treasury Finance
As of July 24, the Treasury reported a total operating balance of $197.523 billion and $19.845 trillion in outstanding public debt. The current debt limit is about $19.8 trillion.
U.S. Treasury Statement for June
Monthly Statement of the Public Debt for June
Through June, the U.S. paid $375.6 billion in interest expense for the fiscal year ending Sept. 30. The average interest rate on interest-bearing debt was 2.268 percent in June 2017 compared to 2.267 percent a year earlier.
The Federal Reserve Bank of Dallas, in its monthly report, estimates that the market value of U.S. debt is almost $20.4 trillion.
The Treasury has raised $359 billion in new cash this fiscal year through the sale on bills, notes and bonds.
Also see:
Complete Auction Schedule
Click link for special announcement regarding possible reopening at today’s auction:
- 5 yr
Recommended Reading
Treasury 2-Year Auction Sees Strongest Demand Since 2015: Chart
GOP Rejects Effort to Make Treasury Turn Over Trump-Russia Data
The Hill: Congress must repeal the debt limit so no party can take it hostage
For Treasury Secretary Mnuchin news and profile, click HERE
For U.S. Treasury news, click HERE
For U.S. Treasury website, click HERE
For Treasury and Money Markets Monitor, click HERE
To contact the reporter on this story: Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net.
To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net.