The Treasury Department Wednesday sold $35 billion 11-day cash management bills, dated Sept. 6, due Sept. 17, at a 0.145% high tender rate.
The bid to cover ratio was 3.98.
The coupon equivalent was 0.147%. The price was 99.995569.
The low bid was 0.100%. The median bid was 0.140%. Tenders at the high were allotted 88.16%.
Tenders totaled $139,291,200,000 and the Treasury accepted $35,000,000,000, including $1,200,000 non-competitive.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"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.
