|
CNBC'S MOST SHARED
- Rich People With A Death Wish
- Facebook Director Sees 'Billions' in Revenue in 5 Years
- Saudis Looking to UK Property?
- Ryanair May Make Passengers Stand to Cut Costs
- Accused Ex-Goldman Sachs Programmer Out on Bail
- Chadwick: Recession and Scandals Pave the Way for Romney 2012
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- Used Video Game Sales Soar: So Who Wins?
- The Threat of Ballooning Pensions
- A Goldman Trading Scandal?
- US Should Plan 2nd Fiscal Stimulus: Govt Adviser
- Natural Gas Will Shake US Off Foreign Oil: Pickens
- Proprietary Trading May Cause October Crash: Investor
- Consumers Fall Behind on Loans at Record Pace
- Should Energy Future Positions Be Subject to Limits?
- President Obama Urges New US-Russia Partnership
- In Blow to Housing, Risky Mortgage Losses Seen Rising
- Making Money on Michael Jackson's Memorial
- Accused Ex-Goldman Sachs Programmer Out on Bail
- Barclays Adjusts its Oil Stock Price Targets
- Class Warfare: Grad Vs Grad
- March Lows Will Hold — So Buy Equities: Strategists
- Lacoste Runs Full Page Ad With Roddick Loss
- Brandt: Bing, The Little Search Engine That Couldn't
- 5-Star Manager's 5 Top Stocks
- Hey, What's Up Doc?
- Busch: Summertime Blues Hits Investors
- Chadwick: Recession and Scandals Pave the Way for Romney 2012
Text Size 
Karthik Ramanathan, a senior official with the U.S. Treasury Department, said on Tuesday that four-fifths of the U.S. borrowing requirement was funded for fiscal 2009.
Speaking at a forum of global bond borrowers and investors in London, Ramanathan said the U.S. Treasury "has already financed nearly 80 percent of its expected borrowing needs for fiscal year 2009".
He said net marketable borrowing totaled $1.3 trillion in the first eight months of fiscal year 2009.
 |
woodleywonderworks Treasury Seal |
"We are well poised to address our remaining borrowing needs for this year and next through gradual increases in issuance sizes of our existing suite of coupon securities."
He said investors can expect the Treasury to offer "our regular and predictable issuance of large, liquid benchmarks ... We are too big to act opportunistically."
The U.S. government aims to issue a mammoth $2 trillion worth of new debt this year and this has weighed on the government debt market with many traders wondering whether the United States will eventually have some sort of failed auction.
Data is a real-time snapshot *Data is delayed at least 15 minutes