NEW YORK - The Treasury Department said today it will auction $27 billion 91-day bills and $27 billion 182-day discount bills Tuesday.
The 91s are dated June 3 and due Sept. 2, and the 182s are dated June 3, and due Dec. 2.
Currently, there are $28.007 billion 91-days outstanding and no 182s.
While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.
"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."
The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.
The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .
"Investors typically start positioning for heavy summer redemptions in summer, so the market typically performs well enough through the first half of June and we do not believe that this year will be any different," Barclays strategists said.
The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.
