The Treasury Department yesterday said it will raise $6.997 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $41 billion to refund $34.003 billion of maturing securities. To be sold are $21 billion of 91s, dated Dec. 13 and due March 13, 2008, and $20 billion of 182s, dated Dec. 13 and due June 12, 2008.Federal Reserve banks hold $16.933 billion of maturing bills in their own accounts, all of which may be refunded.Also maturing is an estimated $28 billion of publicly held four-week Treasury bills, the disposition of which will be announced Dec. 10.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
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LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
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Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
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D.C. promises $515 million in improvements to its existing downtown arena.
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A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
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In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
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