The Treasury Department yesterday auctioned $35 billion of four-week bills at a 0.130% high yield, a price of 99.989889. The coupon equivalent was 0.132%. The bid-to-cover ratio was 3.44. Tenders at the high rate were allotted 24.08%. The median yield was 0.100%. The low yield was 0.050%.
Over the past five years, January has seen a relatively stable market tone, said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.
Campbellsville University "shares many of the characteristics of schools that are struggling" in higher education, said Lisa Washburn of Municipal Market Analytics.
Market Intelligence analyst Jeff Lipton uses the Federal Reserve's latest Flow of Funds data to show how households still dominate municipal bond ownership even as ETFs surge and banks and insurance companies trim exposure, reshaping muni demand heading into 2026.
The move comes after Janney shuttered its public finance business in December.
The governor, in the final year of his term, asked lawmakers to approve reforms that would fix the Virgin Islands Water and Power Authority's balance sheet.
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