Tag Archive for Cash Management

Treasury Running Out of Cash, Announces 64-Day CMB In Addition To Usual Weekly Bill Offerings

Apparently seeing revenues falling well short of forecasts, the US Treasury today announced a surprise $20 billion Cash Management Bill (CMB). This bill was not included in the TBAC (Treasury Borrowing Advisory Committee)  forecast schedule posted just last week. The simultaneously announced regular 6 month bill was $1 billion above the TBAC forecast. Here are…

Bloody September

The following paragraphs are free excerpts from today’s Wall Street Examiner Professional Edition Treasury update. The subscriber link to the complete report is below. As I estimated last week, the Treasury needed more cash than originally scheduled, or originally forecast by the TBAC. It announced a big cash management bill on Monday, and another one…

Government Heads For Budget Collapse

The US Treasury, running short of cash, announced a $15 billion, 6 day cash management bill to carry it through to June 15 tax collections and settlement of new notes and bonds. The government is massively overshooting Treasury Borrowing Advisory Committee (TBAC) borrowing estimates issued in May. As I pointed out in the Treasury update…