Markets

This week's negotiated calendar is headlined by taxable deals from Stanford Health Care, the Pennsylvania Commonwealth Financing Authority and the Illinois Finance Authority while Massachusetts is set to sell two big tax-free competitive offerings

The Treasury Department auctioned $42 billion of 26-week bills at a high yield of 1.575% on Monday.

The Treasury Department auctioned $48 billion of 13-week bills at a high yield of 1.430% on Monday.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills on Tuesday.

The commonwealth plans two more sales in early 2018 after Tuesday's $600 million deal.

The Employment Trends Index increased 0.74 percentage points in December to 107.10 from a revised 106.36 in November, The Conference Board reported on Monday.

Municipal bond traders are back at work in earnest as they get set to take on a new issue slate dominated by competitive sales on Tuesday and taxable deals on Wednesday and Thursday.

The Iowa Fertilizer Co. LLC is seeking a tender exchange for up to $435 million of bonds.

The municipal bond market is looking ahead to a $3.3 billion new issue slate that will be dominated by competitive sales from Massachusetts and taxable negotiated deals.

Newly issued Treasury securities held in stripped form increased about $1.518 billion in December to a total of $262.102 billion, the Bureau of the Public Debt reported Friday.