The Treasury Department Monday sold $33 billion 44-day cash management bills, dated March 14, due April 27, at a 0.770% high tender rate.
The bid to cover ratio was 3.02.
The coupon equivalent was 0.781%. The price was 99.905889.
The low bid was 0.700%. The median bid was 0.745%. Tenders at the high were allotted 75.53%.
Tenders totaled $99,740,000,000 and the Treasury accepted $33,000,528,000, including no 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.
