The Treasury Department announced on Thursday that it will auction $88 billion of two-, five-, and –seven year notes next week.
On Monday, Treasury will offer $26 billion of two-year notes, dated Aug. 31, due Aug. 31, 2019.
Also on Monday, Treasury will sell $34 billion of five-year notes, dated Aug. 31, due Aug. 31, 2017.
On Tuesday, Treasury will auction $28 billion of seven-year notes, dated Aug. 31, due Aug. 31, 2024.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
