NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated Sept. 9, due Nov. 4, at a 0.120% high tender rate.
The bid to cover ratio was 4.32.
The coupon equivalent was 0.122%. The price was 99.981333.
The low bid was 0.060%. The median bid was 0.110%. Tenders at the high were allotted 42.27%.
Tenders totaled $108,097,000,000 and the Treasury accepted $25,001,392,000, including no non-competitive.
The Arlington City Council approved a master agreement to fund ongoing maintenance, operation, and improvements at the city-owned NFL stadium.
From Jan. 1, 2020 through mid April of this year, borrowers using conduit issuers accounted 87% of payment defaults by number in the muni market, Municipal Market Analytics' Matt Fabian said.
Moody's Ratings has announced a change in the outlook rating for Washington D.C., good news for a city reeling from federal job cuts and gearing up for a mayoral race.
High-yield bond trading is "very bursty," with a lot of information at once and then nothing, said Matt Smith, founder and CEO of Spline Data.
The New Orleans Revenue Estimating Conference approved the new forecast Wednesday.
Ostdiek comes full circle with the return to her original professional home.
