Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 2.370% high rate, down from 3.080% the week before, and the six-months incurred a 2.400% high rate, down from 2.950% . Coupon equivalents were 2.424% and 2.470%, respectively. The price for the 91s was 99.400917 and that for the 182s was 98.786667.
Capital Group joins a small, but growing number of shops that have added, or considered adding, muni ETFs to their model portfolios.
The SEC-approved amendments will become effective in two stages, the MSRB said.
Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.
Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.
The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.
By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.
