US Treasury refunding update: $243 billion vs $202 billion prior

Initial Treasury estimates for the April-June quarter were $202 billionThe previous estimate was $202 billion from late January

There was some talk this could be revised lower because of higher receipts but it’s been the exact opposite, with borrowing swelling by $41 billion. This is not good for bonds.

This article was written by Adam Button at www.forexlive.com.