The Treasury Department auctioned $34 billion of four-week bills Tuesday at a 0.155% high yield, a price of 99.987944. The coupon equivalent was 0.157%. The bid-to-cover ratio was 4.23.
Tenders at the high rate were allotted 48.51%. The median yield was 0.140%. The low yield was 0.010%. The bills are dated Aug. 19 and due Sept. 16. Tenders totaled $143,948,902,100 and the Treasury accepted $34,001,405,600, including $287,453,200 of noncompetitive. Federal Reserve banks bought $2,418,028,000.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
