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US Treasury cuts Oct-Dec borrowing estimate to $776 billion, yields ease

(Reuters) -The U.S. Treasury Department said on Monday it expects to borrow $776 billion in the fourth quarter, $76 billion less than its forecast in July, citing increased revenue estimates, bringing some relief to bond markets rattled for months by a glut of new debt. A U.S. Treasury official said revenue is expected to rise in the October-December period partly because income tax payments from California and some other states deferred due to natural disasters were now starting to flow into t...
New York United States Andrea Ricci Karen Brettell Daniel Burns David Lawder
Source: yahoo.com

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