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U.S. Treasury Reimbursement Update: $243 Billion Up from $202 Billion
- Initial Treasury estimates for the April-June quarter were $202 billion.
- The previous estimate was $202 billion at the end of January.
Some have talked about a downward revision of this amount due to higher revenues, but the exact opposite happened, with borrowing increasing by $41 billion. This is not good for bonds.
This article was written by Adam Button at www.forexlive.com.
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