The Treasury Department said it will raise about $15.488 billion of new cash by auctioning $13 billion five-year notes on Thursday, December 27 and $22 billion two-year notes on Wednesday, December 26. Treasury will refund $19.512 billion with the auction.The five-years are dated December 31 and due December 31, 2012.The two-years are dated December 26 and due December 31, 2009.The Federal Reserve holds $7.155 billion of Treasury notes in the System Open Market Account, which may be refunded.
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"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
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"Each party in this deal benefits in some way," said Seema Mohanty, founder of Mohanty Gargiulo.
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The California Supreme Court will hear a case challenging the state's 2013 pension changes, after seemingly settling the issue with a 2020 ruling.
April 24 -
The "impressive" investor appetite for tax-exempts has been "holding steady all quarter despite expensive valuations, supply surges and periods of low reinvestment demand," said GW&K Investment Management strategists in a report.
April 24 -
As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.
April 24 -
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
April 24