The Treasury Department said Thursday it will auction $25 billion 91-day bills and $23 billion 182-day discount bills Monday.
The 91s settle May 15 and are due Aug. 14 and the 182s settle May 15 and are due Nov. 13.
Currently, there are $42.000 billion 91-days outstanding and $25.000 billion 182s.
The end of September, which is also the end of the fiscal quarter, is a historically volatile time, according to James Pruskowski, managing director at Hennion & Walsh. That volatility, driven by shoring up unsettled positions and balance sheets, is exacerbating yields' upward climb in both munis and Treasuries.
Illinois lawmakers are hammering out legislation to raise cybersecurity protections for local water utilities, a timely effort after cyberattacks this summer.
In the new role, one of Doryan Carlton's responsibilities will be overseeing the state's bond issuances. She replaces Bill Poole.
Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.
Debt service is protected but limiting revenue can pressure an issuer's operating budget, Nuveen said.
The current environment for state and local public finance is examined with special attention paid to the healthcare and higher education sectors.
