WASHINGTON -
The coupon equivalent was 4.017%. The bid-to-cover ratio was 3.47.
Tenders at the high rate were allotted 86.84%. The median yield was 3.940%. The low yield was 3.890%.
Rising debt and interest payment ratios over more than a decade, to levels higher than other nations', prompted the downgrade, Moody's said.
Issuance for the week of May 19 is estimated at $11.667 billion.
Lawmakers have $755 million less to spend and only six more weeks to work on the two-year budget.
The committee may take the bill up again as soon as Monday.
As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.
The rating agency, which gave the state a positive outlook a year ago, upgraded its general obligation rating a notch to AA-plus ahead of a $25 million bond sale.
