The Treasury Department sold $15 billion of inflation-indexed nine-year, 10-month Treasury Inflation-Protected Securities at a negative 0.089% yield, an adjusted price of 102.226025, with a 1/8% coupon. The bid-to-cover ratio was 2.81. Tenders at the market-clearing yield were allotted 42.40%.
Among competitive tenders, the median yield was negative 0.142% and the low yield negative 0.210%. Tenders totaled $36,522,261,900; the Treasury accepted $13,000,001,900.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
