The Treasury Department said it will auction $35 billion two-year notes on Tuesday, July 23, and $35 billion five-year notes on Wednesday, July 24.
The five-years are due July 31, 2018. The two-years are due July 31, 2015. The notes settle July 31.
The airport's first new money foray into the muni market in nearly 12 years will begin to fund a $1.3 billion transformation plan.
While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.
The Fed's 50 basis point cut surprised many, as a looming federal election and all the uncertainty that brings complicates efforts at forecasting.
The product is designed to give SOLVE's customers visibility into "next-trade" pricing data for more than 900,000 munis.
After getting positive outlooks from three rating agencies since 2023, Oklahoma received its first upgrade.
The agency cited a sustained commitment to healthy reserves and structural balance.