The Treasury Department yesterday said it will raise $13.830 billion of new cash by auctioning $20 billion of two-year notes on Wednesday and $13 billion of five-year notes on Thursday to refund $19.170 billion of debt.The five-years are dated Nov. 30 and are due on Nov. 30, 2012. The two-years are dated Nov. 30 and are due on Nov. 30, 2009.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
