U.S. Daily Cash Deficit As Of June 17, 2015

The US Daily Cash Deficit for Wednesday 6/17/2015 was $4.5B bringing the June 2015 surplus through 17 days to $34B with 9 business days remaining.

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June Revenue sits at +3.7% over 2014, and while there is likely some beneficial timing for 2015, the month end Fannie/Freddie payments are likely to be well under last June’s $10B. more or less bringing us back to even. There is still a lot of month left, and for some reason we do generally see stronger YOY in the second half of the month, but we are clearly behind where I expected we would be at this point. Outlays are more or less right on target.