US Treasury improves borrowing outlook for second quarter; keeps issuance plans focused
By Gertrude Chávez-Dreyfuss NEW YORK, May 4 (Reuters) – The U.S. Treasury said on Monday it now expects to borrow $189 billion in the second quarter, $79 billion more than it projected in February, with the increase largely due to weaker-than-expected cash flows, which were partially offset by higher cash at the start of the…