U.S. Treasury Borrowing to Hit $578 Billion in Q1 2026 Amid Global Holdings Shift

The U.S. Treasury Department has announced that borrowing is projected to reach $578 billion in the first quarter of 2026. According to NS3.AI, this estimate is based on an anticipated cash balance of $850 billion by the end of March. Additionally, Treasury International Capital (TIC) data revealed that China, India, and Brazil have decreased their holdings of U.S. Treasuries over the 12 months leading up to December 2025. Meanwhile, the U.S. debt-to-GDP ratio remains at approximately 123.48%.