US Daily Cash Surplus 6-26-2015

The Us Daily Cash Surplus for Friday 6/26/2015 was $0.4B bringing the June 2015 surplus with two business days remaining at $40B.

2015-06-26 USDD

Revenues are holding steady at about +5% while outlays, adjusted for ~$35B of timing are up about 1%. With most of the month in the bag, I wouldn’t expect a big swing from here, but revenue could edge down a bit as the reduction in the YOY Fannie/Freddie payments will likely overshadow the benefit of an extra business day. My initial forecast of a $50B surplus is still looking quite reasonable, but we won’t know for sure until tomorrow afternoon.