---
source: U.S. Department of the Treasury
url: https://home.treasury.gov/news/press-releases/sb0485
document_type: html
date_retrieved: 2026-05-06
period: April - June 2026 (Q2)
parent_publication: Treasury Announces Marketable Borrowing Estimates
indicators_covered: [Treasury Refunding Announcement, Marketable Borrowing Estimates]
---

# Treasury Announces Marketable Borrowing Estimates

**Release Date:** May 6, 2026

Treasury announced its marketable borrowing estimates for the April - June 2026 quarter.

## Key Figures

**Privately-held net marketable borrowing:** $483 billion

This assumes an end-of-June cash balance of $900 billion.

## Quarterly Comparison

| | January - March 2026 | April - June 2026 |
|---|---|---|
| Privately-held net marketable debt | $574 billion (estimate) | $483 billion (estimate) |
| Change vs prior quarter | - | -$91 billion |

## Cash Balance Assumptions

| | Prior | Current | Change |
|---|---|---|---|
| Opening Balance (April 1, 2026) | $850 billion | $893 billion | +$43 billion |
| Closing Balance (June 30, 2026) | $900 billion | $900 billion | $0 |

The change in cash balance contributes -$43 billion to borrowing for the April-June quarter.

## Additional Details

The press release notes that additional financing details relating to Treasury's Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 6, 2026. Treasury also announced its intentions to buy back certain securities, which are not expected to significantly affect privately-held net marketable borrowing.