NEW YORK - The Treasury Department said Thursday it will auction $27 billion 91-day bills and $24 billion 182-day discount bills Monday.
The 91s are dated June 13 and due Sept. 15, and the 182s are dated June 13, and due Dec. 15.
Currently, there are $27.000 billion 91-days outstanding and $22.000 billion 182s.
"I don't mind owning a railroad for $2.4 billion," said Assured CEO Dominic Frederico.
Northwest Nazarene University, an Idaho private Christian college, had its ratings outlook revised to positive.
Munis should do "relatively well" this month, as investors will "focus on heavy summer redemptions; tax-exempt supply should remain healthy but is unlikely to overwhelm," said Barclays strategists.
The Manhattan-based Ivy League university reached a settlement with the federal government last year. It is selling $487 million of bonds this month.
"The rates market has started to turn from the upper end of the trading range this week," Barclays strategists wrote, but with the war with Iran still driving the market, nothing is certain.
Changes in federal funding are sharpening the focus on how the states will be responding to disaster relief, running social programs and budget planning.
