US Treasury To Borrow $243B More This Spring: Dollar Climbs, Stocks Trim Gains

The U.S. Treasury Department has revised its marketable borrowing expectations upward for the April-June quarter of 2023, increasing the figure to $243 billion from an earlier estimate of $202 billion.

This adjustment, driven by lower-than-predicted cash receipts, had sparked some market reactions by the end of the session Monday.