U.S. Treasury Q2 Borrowing Raised to $189B

U.S. Treasury lifted its Q2 borrowing estimate to $189 billion, $79 billion higher than the February forecast.
The increase is driven by lower-than-expected net cash flows, partially offset by a larger-than-anticipated opening cash balance.
Treasury projects a $900 billion cash balance at end‑June and expects Q3 borrowing of $671 billion with $950 billion cash by September.