The Treasury Department Tuesday sold $30 billion 40-day cash management bills, dated March 6, due April 15, at a 0.105% high tender rate.
The bid to cover ratio was 5.05.
The coupon equivalent was 0.106%. The price was 99.988333.
The low bid was 0.080%. The median bid was 0.095%. Tenders at the high were allotted 1.96%.
Tenders totaled $151,449,444,000 and the Treasury accepted $30,000,824,000, including $444,000 non-competitive.
The 2022 law, which has so far banned three major investment banks from underwriting municipal bonds in Oklahoma, could be amended to limit its reach to state agencies.
The SEC has won a partial victory against Choice Advisors and its principal Matthias O'Meara for their role in acting as unregistered brokers and for engaging in a fee-splitting arrangement.
The trio have decades of experience in high yield and investment grade portfolios and will launch new high-yield investment strategies and vehicles for Rockefeller.
"The rating action reflects our view of MIA's substantial demand, which surpasses pre-pandemic activity, and its leadership in enplanement growth for large hub airports since the fiscal 2019 peak," said S&P's Nora Wittstruck.
A state ban on bond underwriters that "boycott" or "discriminate" against the fossil fuel or firearms industries has resulted in fewer banks providing municipal financial products and services.
The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.
