The U.S. Department of the Treasury announced on November 2, 2026, that it expects to borrow $618 billion in net marketable debt for the October-December quarter. This figure is $10 billion lower than the estimate provided in August, primarily because the department started the quarter with a higher cash balance than anticipated. For the following January-March 2027 quarter, the Treasury projects borrowing of $800 billion, assuming a cash balance of $1.000 trillion by the end of March. The department will release the specific sizes for upcoming 3-year, 10-year, and 30-year auctions on November 4, 2026.
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