The Treasury Department Tuesday sold $35 billion 18-day cash management bills, dated Aug. 30, due Sept. 17, at a 0.125% high tender rate.
The bid to cover ratio was 3.98.
The coupon equivalent was 0.127%. The price was 99.993750.
The low bid was zero. The median bid was 0.115%. Tenders at the high were allotted 83.41%.
Tenders totaled $139,410,000,000 and the Treasury accepted $35,000,678,000, including $5,000,000 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.
