June 1: $25.3 billion in T-billsrnJune 3: $25.3 billion in T-billsrnJune 8: $25.3 billion in T-billsrnJune 10: $25.3 billion in T-billsrnJune 15: $25.3 billion in T-billsrnJune 17: $25.3 billion in T-billsrnJune 22: $25.3 billion in T-billsrnJune 24: $25.3 billion in T-billsrnJune 29: $25.3 billion in T-billsrnJune 30: $25.3 billion in T-bills
With the June 1 deadline looming, investors are closely watching the U.S. Treasury’s ability to raise the debt ceiling and avoid a default on its debt payments. The Treasury must pay over $1.3 trillion in T-bills and bond payments, including principal and interest, in June. If the government fails to raise the current $31.4 trillion borrowing cap before it exhausts its cash and borrowing capacity, it could miss payments on some of its debt. T-bills and Treasuries with maturities in the middle of June and December are most at risk of being the first to default if the debt ceiling is not raised.