The Treasury Department said yesterday it will auction $13 billion of 11-day cash management bills Oct. 5.
The bills are dated Oct. 6 and due Oct. 17.
The upshot of the report by Payden & Rygel's Travis McGahey is that the risk of severe credit deterioration and bond defaults remains low.
Notre Dame College in Ohio faces legal action on at least three fronts after defaulting on bond debt and a swap agreement and allegedly misusing donor funds.
This week the market has performed "exceedingly well" with the tailwind of June 1 reinvestment capital, said J.P. Morgan strategists led by Peter DeGroot.
"Nobody knows what scoring means," Trump said as the dispute over how the "One Big Beautiful Bill" plays out.
The utility expects the bonds to have an all-in true interest cost of 4.91%.
The hard-fought increase to the cap on state and local tax deductions that was instrumental to passing the House GOP tax bill is under fire in the Senate.
