(Bloomberg) -- Treasury Watch, a daily snapshot of selected content on the U.S. Treasury and government finances.
What to Watch
- Today: Auctions of $34 billion five-year notes; also $40 billion four-week bills
- June 28: Auctions of $13 billion two-year floating rate notes; $28 billion seven-year notes
Treasury Finance
As of June 23, the Treasury reported a total operating balance of $208.4 billion and $19.8 trillion in outstanding public debt. The current debt limit is about $19.8 trillion.
Through May, the U.S. has paid $285.2 billion in interest expenses for the fiscal year ending Sept. 30. The average interest rate on interest-bearing debt was 2.276% in May 2017 compared to 2.304% in April 2017.
The Federal Reserve Bank of Dallas, in its monthly report, estimates that the market value of U.S. debt is almost $20.4 trillion.
Recommended Reading
Treasury 2-Year Auction Sees Strongest Demand Since 2015: Chart
U.S. Treasury FY2017 Net New Cash Totals $330.16 Billion
Treasury's Regulation Unwind Already Having An Effect on Markets
What the Shrinking Yield Curve Is Really All About: David Ader
For Treasury Secretary Mnuchin news and profile, click HERE
For U.S. Treasury news, click HERE
For U.S. Treasury website, click HERE
For Treasury and Money Markets Monitor, click HERE
To contact the reporter on this story: Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net.
To contact the editors responsible for this story: Marco Babic at mbabic@bloomberg.net, Alex Tanzi
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