The Treasury Department yesterday said it will raise $5.001 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $41 billion to refund $35.999 billion in maturing securities. To be sold are $21 billion 91s, dated Dec. 6 and due March 6, 2008, and $20 billion 182s, dated Dec. 6 and due June 5, 2008.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
