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
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.
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