U.S. Treasury Watch: Bill Auctions Totaling $112b Set for July 3

(Bloomberg) -- Treasury Watch, a daily snapshot of selected content on the U.S. Treasury and government finances.

What to Watch

  • July 3: Treasury to sell $40 billion in 4-week bills, $39 billion in 3-month bills and $33 billion in 6-month bills

Treasury Finance

As of June 28, the Treasury reported a total operating balance of $197.597 billion and $19.809 trillion in outstanding public debt. The current debt limit is about $19.8 trillion.

Through May, the U.S. has paid $285.2 billion in interest expenses for the fiscal year ending Sept. 30. The average interest rate on interest-bearing debt was 2.276% in May 2017 compared to 2.304% in April 2017.

The Federal Reserve Bank of Dallas, in its monthly report, estimates that the market value of U.S. debt is almost $20.4 trillion.

Recommended Reading

Market Shouldn’t Be Concerned About Debt Limit: Mnuchin

Why U.S. Is Debating the Debt Ceiling All Over Again: QuickTake

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