NEW YORK - The Treasury Department said today it will auction $30 billion 91-day bills and $30 billion 182-day discount bills Monday.
The 91s are dated July 15 and due Oct. 14, and the 182s are dated July 15, and due Jan. 13, 2011.
Currently, there are $27.001 billion 91-days outstanding and $25.997 billion 182s.
The muni market continued to shrug off volatility in Treasuries, but NewSquare Capital's Kim Olsan said a reaction is building up.
The Supreme Court decision that changes the provisions in the Voting Rights Act adds legal risk for state and local governments.
The local government is seeking to replace LUMA Energy as the island's transmission and distribution company.
"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.
