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The Treasury Department Monday auctioned $24 billion of three-year notes with a 1 3/8% coupon at a 1.433% high yield, a price of 99.830281.

Gov. Tom Wolf has threatened a spending freeze and rating agencies have threatened more downgrades.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher.

The poor state of America’s infrastructure has been widely discussed and well-documented. To tackle this challenge, it is vital that Congress support and provide public funding.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the August Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Do market participants really need a new version of a survey-based benchmark or an entirely different process?

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.