U.S. Treasury expects to pay down $35 billion in debt in Q2

WASHINGTON, April 29 Mon Apr 29, 2013 3:11pm EDT

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WASHINGTON, April 29 (Reuters) - The U.S. Treasury said on Monday it expects to pay down $35 billion in net marketable debt in the current quarter after previously saying it would borrow $103 billion.

The Treasury said it expects to issue $223 billion in net marketable debt for the July-September quarter and end the quarter with a cash balance of $80 billion.

Treasury said it issued $349 billion in net marketable debt securities in the January-March 2013 quarter.

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