The Treasury Department Tuesday sold $35 billion 35-day cash management bills, dated March 16, due April 20, at a 0.780% high tender rate.
The bid to cover ratio was 3.31.
The coupon equivalent was 0.791%. The price was 99.924167.
The low bid was 0.715%. The median bid was 0.760%. Tenders at the high were allotted 20.97%.
Tenders totaled $115,818,861,000 and the Treasury accepted $35,000,309,600, including $15,861,000 non-competitive.
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
