During the April-June 2020 Quarter, US Treasury Expects to Borrow $ 2,999 Billion in Privately-Held Net Marketable Debt, Assuming an End-of-June-Cash Balance of $ 800 Billion. The borrowing estimate is $ 3,055 billion higher than announced in February 2020. The increase in private-held net marketable borrowing is primarily driven by the impact of the covid-19 outbreak, including expenditures include the deferral of individual and business taxes from April-June Until July, and an increase in the assumed end-of-in-June Treasury Cash Balance. (US Dept. of Treasury) The Federal Reserve is about Ready to Fire Up its promised corporate debt-building program, and the market is starting to get excited. Following through on an announcement it made nearly a month ago, the central bank Said Monday it will start its secondary market corporate credit facility "In Early May." The Primary Market Credit Facility Will Begin "Soon ThereAfter." The announcement sparked a move higher in funds that track high-yield debt and anticipation over how already an Unpredent Effort would be carried out. (CNBC) Source: Danareksa Securities Debt Research