The Treasury Department Monday sold $50 billion 37-day cash management bills, dated Nov. 1, due Dec. 8, at a 1.030% high tender rate.
The bid to cover ratio was 3.33.
The coupon equivalent was 1.045%. The price was 99.894139.
The low bid was 0.990%. The median bid was 1.010%. Tenders at the high were allotted 30.45%.
Tenders totaled $166,679,107,000 and the Treasury accepted $50,000,494,500, including $24,407,000 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.
