The Treasury Department auctioned $42 billion of 26-week bills at a high yield of 1.575% on Monday.
The coupon equivalent was 1.610%, and the price was 99.203750.
The median bid was 1.555%. The low bid was 1.535%.
Tenders at the high rate were allotted 56.64%. The bid-to-cover ratio was 3.11.
Tenders totaled $130,727,866,200 and the Treasury accepted $42,000,106,200, including $582,523,200 of non-competitive.
The Fed banks bought nothing for themselves.
For most investors, partnership matters, said Jamie Doffermyre, head of public finance syndicate and origination at Truist Securities.
The agreement includes $12.6 billion in spending for the fiscal year that begins July 1 and an income tax cut estimated to cost $160 million.
Among the defeated referendums were three for bonds totalling $146 million.
Moody's downgrading of Maryland's credit rating is resulting in finger pointing among state lawmakers, questions about spending levels, and concerns about the state's spotless record.
Siebert Williams Shank & Co has been censured and fined $55,000 by the Financial Industry Regulatory Authority for rule violations including reporting inaccurate trade times for roughly 12,100 municipal securities transactions.
The Federal Reserve chair said there is "room for improvement" in how the central bank conveys economic uncertainties to markets and the public.
