U.S. Treasury's Cash Balance Falls To $38.84B As Of Thursday From $49.47B On Wednesday; Says Had Remaining Borrowing Capacity Of $67B Under Extraordinary Measures On May 24 Vs $92B On May 17
Portfolio Pulse from Happy Mohamed
The U.S. Treasury's cash balance fell to $38.84 billion as of Thursday from $49.47 billion on Wednesday. The remaining borrowing capacity under extraordinary measures dropped to $67 billion on May 24 from $92 billion on May 17.
May 26, 2023 | 8:04 pm
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NEUTRAL IMPACT
The decrease in the U.S. Treasury's cash balance and borrowing capacity may impact the SPY ETF in the short term.
The U.S. Treasury's cash balance and borrowing capacity are indicators of the government's financial health. A decrease in these figures may cause uncertainty in the market, which could impact the SPY ETF. However, the direct impact on the ETF is not clear, and other factors may also influence its performance.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50