Ray of Light: U.S. Treasury Borrowing May Be Peaking

Filed under: Forecasts, Good news

At first glance, Wednesday's good news data point looks anything but: the U.S. Treasury may sell $128 billion in notes next week -- a record, Bloomberg News reported. The large debt amount stems in part from record spending for both the fiscal stimulus and the bank bailout.



And the good news in the above? Institutional investors and analysts sense that a modest reduction in the Treasury Department's borrowing needs is approaching, due to the strengthening U.S. economy, Bloomberg News reported. A Bloomberg survey of bond/debt dealers forecasts that the Treasury will sell $2.4 trillion in debt in 2010, compared to $2.11 trillion in 2009.

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Ray of Light: U.S. Treasury Borrowing May Be Peaking originally appeared on BloggingStocks on Wed, 21 Apr 2010 17:30:00 EST. Please see our terms for use of feeds.

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