WASHINGTON - The Treasury today sold $8 billion 6-day cash management bills, dated Sept. 8, due Sept. 14 at a 3.450% high tender rate.
The bid to cover ratio was 3.63.
The coupon equivalent was 3.500%. The price was 99.9425.
The low bid was 3.420%. The median bid was 3.430%. Tenders at 3.450% were allotted 25.63%.
Tenders totaled $29,075,000,000 and the Treasury accepted $8,000,240,000 including no non-competitive.
Ryan's selection may indicate an SEC aiming to resolve more violations by other means than enforcement actions, one lawyer said.
Munis underperformed a UST rally, which had everything to do with Powell's speech at the Jackson Hole symposium and future Fed action, said Cooper Howard, a fixed income strategist at Charles Schwab.
San Francisco Bay Area Rapid Transit has struggled to regain ridership after the pandemic.
The University of Chicago went to market this week, as the Trump administration has targeted higher education and faculty criticize budget and program cuts.
The President said in response to a press question about Federal Reserve Gov. Lisa Cook that he would fire her "if she doesn't resign" over allegations of claiming primary residence at two properties she owns, though the legality of such a move is unclear.
The State Bond Commission approved 21 municipal entities' elections on tax increases for infrastructure projects, with the increases possibly supporting bonds.
