The Treasury Department said yesterday it will sell $22 billion of four-weekdiscount bills today.
The four-week, or 28-day, bills will raise $9 billion of new cash by auctioning $22billion to refund $13 billion of maturing bills. The bills have an issue date of Feb. 6and will be due March 6. Federal Reserve banks hold $14.334 billion of maturing bills intheir own accounts.
The county commission said it hopes to regain Moody's ratings this fall.
Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.
Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.
"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.
