The Treasury Department yesterday auctioned $15 billion of four-week bills at a 4.775% high yield, a price of 99.628611.
The coupon equivalent was 4.859%. The bid-to-cover ratio was 2.39. Tenders at the high rate were allotted 51.65%. The median yield was 4.765%. The low yield was 4.740%.
State governments would either have to spend more or fewer people would be covered, or a combination of the two, under the GOP's Medicaid and SNAP cuts.
The Indiana Financing Authority is the biggest entry on 2025's largest negotiated calendar with $1.5 billion of Indiana University Health system revenue bonds.
Chinese students comprise nearly half of international students attending University of California schools.
The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.
The Senate returns to Washington with a ticking deadline clock to turn the House's One Big Beautiful Bill Act into law with questions remaining about the future of the SALT cap deduction and green energy tax credits.
Main Street Natural Gas, a blended component unit of Georgia Gas, issues most of the authority's debt.
