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The second-quarter estimate assumes an end-of-June cash balance of $800 billion.
The Treasury has been paring back debt auction sizes since November after ramping up debt issuance in 2020 to pay for pandemic-related spending.
It expects to borrow $182 billion in privately held net marketable debt in the July to September quarter, assuming an end-of-September cash balance of $650 billion.
It said it issued $668 billion in net debt in the first quarter this year, ending the three-month period with a cash balance of $652 billion.
