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FX/BondsIMPORTANT

US Treasury Financing Estimates (Q2): To borrow USD 189bln in Q2 and sees end-June cash balance of USD 900bln (prev. saw USD 109bln, assuming end-June cash balance of USD 900bln)

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To borrow USD 671bln in Q3, and sees end-September cash balance of USD 950bln. Borrowed USD 577bln in Q1, with end-quarter cash balance of USD 893bln.

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