Treasury Announces Marketable Borrowing Estimates (2024)

FAQs

How much will the Treasury marketable borrowing estimate? ›

U.S. Department of the Treasury

During the July – September 2024 quarter, Treasury expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion.

To calculate the price, take 180 days and multiply by 1.5 to get 270. Then, divide by 360 to get 0.75, and subtract 100 minus 0.75. The answer is 99.25. Because you're buying a $1,000 Treasury bill instead of one for $100, multiply 99.25 by 10 to get the final price of $992.50.

Treasury marketable securities are direct obligations of the U.S. government that can be bought and sold in the secondary market.

U.S. monthly interest rate on interest-bearing debt 2019-2024. As of April 2024, the United States government has a monthly interest rate of 3.23 percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In March 2024, U.S. debt reached 34.47 trillion U.S. dollars.

A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its balance sheet by $60 billion per month.

Calculation: Marketable Securities – AVG is calculated by adding up the Marketable Securities values of the selected quarter and the preceding four quarters, and then dividing the summation by the number of quarters.

3 Month Treasury Bill Rate is at 5.26%, compared to 5.25% the previous market day and 5.21% last year. This is higher than the long term average of 4.19%. The 3 Month Treasury Bill Rate is the yield received for investing in a government issued treasury security that has a maturity of 3 months.

If you're saving for a goal less than a year away: If you're saving money for a goal with a short-time horizon, T-bills can make more sense than CDs. They provide a higher APY than savings accounts, and they're more liquid than CDs.

You just bought a security from the U.S. Treasury. Securities are generally issued to your account within two business days of the purchase date for savings bonds or within one week of the auction date for Bills, Notes, Bonds, FRNs, and TIPS.

What is the 45 day rule for TreasuryDirect? ›

Customer service personnel will perform the transfer when the form is received and approved. You'll receive an e-mail confirming that activity has occurred in your account. TreasuryDirect requires Treasury Marketable Securities be held for 45 days following original issue before they may be externally transferred.

We sell Treasury Bills (Bills) for terms ranging from four weeks to 52 weeks. Bills are sold at a discount or at par (face value). When the bill matures, you are paid its face value. You can hold a bill until it matures or sell it before it matures.

Interest income from Treasury securities is subject to federal income tax but exempt from state and local taxes. Income from Treasury bills is paid at maturity and, thus, tax-reportable in the year in which it is received.

Basic Info

6 Month Treasury Rate is at 5.44%, compared to 5.44% the previous market day and 5.46% last year.

We sell Treasury Notes for a term of 2, 3, 5, 7, or 10 years. Notes pay a fixed rate of interest every six months until they mature.

You can buy, hold, sell, and redeem STRIPS only through a financial institution, a broker, or dealer who handles government securities.

Cost of Borrowing

This term is used to describe the total interest you pay over the life of your loan. It is calculated by using the current interest rate for your loan, your current loan balance, remaining term and monthly payment amount.

To calculate how much a loan will cost you, you'll need to add up the total interest charges for the life of your loan and combine that amount with any loan fees you paid. If you didn't pay any loan fees like an origination fee, then the total cost of your loan is made up of interest charges.

Thus, the price of a 6% six-year Treasury security should be $88.8716 or about $88.87. [NOTE. The price of a zero-coupon Treasury security is the present value of its maturity value discounted using the theoretical semiannual spot rate for year six (period twelve).