NEW YORK - The Treasury Department today sold $25 billion 55-day cash management bills, dated November 26, due January 20, 2011, at a 0.160% high tender rate.
The bid to cover ratio was 4.39.
The coupon equivalent was 0.162%. The price was 99.975556.
The low bid was 0.125%. The median bid was 0.140%. Tenders at the high were allotted 4.03%.
Tenders totaled $109,853,605,000 and the Treasury accepted $25,000,115,000, including $605,000 non-competitive.
Mohammed Murad, head of credit research for PT Asset Management, said the ceasefire extension "possibly offers less clues as to what a permanent resolution may look like."
The city council amended an ordinance dealing with police interaction with federal immigration enforcement to prevent a $114 million funding loss.
Munivestor aims to help municipal governments by allowing them to raise capital directly from investors of all sizes in concert with advisors and regulated market partners.
The PFA owns nine bond-financed credits, ranging from proton cancer therapy centers to student housing. All but one are in default.
Nebraska Gov. Jim Pillen vowed to pass sweeping property tax reform in 2027 after Nebraska legislators failed to deliver relief this year.
Fitch revised the outlook to negative from stable, citing a significant jump in leverage.
