Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 3.030% high rate, a decrease from 3.175% last week, and the six-months incurred a 3.190% high rate, a down from 3.340%. Coupon equivalents were 3.104% and 3.296%, respectively. The price for the 91s was 99.234083 and that for the 182s was 98.387278. The median bid on the 91s was 3.020%. The low bid was 3.000%. The bid-to-cover ratio was 2.80. Tenders at the high rate were allotted 80.47%. Tenders totaled $58,737,463,000 and the Treasury accepted $21,000,306,000. The median bid for the 182s was 3.150%. The low bid was 2.990%. The bid-to-cover ratio was 2.69. Tenders at the high rate were allotted 8.61%. Tenders totaled $53,892,082,000 and the Treasury accepted $20,000,112,000.
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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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