The Treasury Department Friday sold $45 billion 58-day cash management bills, dated Feb. 18, due April 17, 2014, at a 0.050% high tender rate.
The bid to cover ratio was 3.81.
The coupon equivalent was 0.051%. The price was 99.991944.
The low bid was 0.020%. The median bid was 0.045%. Tenders at the high were allotted 55.97%.
Tenders totaled $171,361,000,000 and the Treasury accepted $45,000,846,500, including no non-competitive.
Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.
The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.
A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.
Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.
