00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. Treasury said it expects to borrow $189 billion in the second quarter,
00:07$79 billion more than its February estimate, driven by weaker cash flows
00:12and partly offset by higher starting cash, according to Reuters.
00:16The forecast assumes a $900 billion cash balance at the end of June.
00:21Excluding the higher starting balance, borrowing would be $122 billion above the earlier estimate.
00:27Bond investors are focused on Wednesday's refunding announcement for updated financing plans.
00:32Treasury is expected to keep auction sizes unchanged for a ninth straight quarter.
00:37Attention has shifted to potential increases in longer-dated debt
00:40as tariff refunds could return up to $166 billion,
00:45with payments expected to begin in June and July.
00:48For all things money, visit Benzinga.com.
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