# JPMorgan Says Treasury May Increase Short-Term Borrowing

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/42893
Published: 2026-10-28T19:55:30.000Z
Updated: 2026-10-28T19:55:30.000Z
Section: Investing

> JPMorgan projects net borrowing from private investors at $2.038 trillion in 2026 and $2.202 trillion in 2027.

JPMorgan analysts say the U.S. Treasury may increase short-term borrowing in next week’s quarterly refunding plan as Treasury bill issuance is projected to rise sooner.

JPMorgan estimates net borrowing from private investors at $2.038 trillion in 2026, increasing to $2.202 trillion in 2027. The bank projects privately held Treasury bills outstanding will grow by $401 billion in 2026 and $991 billion in 2027.