The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.
The 91s settle April 6, and are due July 6, and the 182s settle April 6, and are due Oct. 5.
Currently, there are $27.995 billion 91-days outstanding and no 182s.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
It's no surprise that munis are in a "holding pattern," Charles Schwab's Cooper Howard said, as investors are eager to hear Fed Chair Kevin Warsh's speech on Friday.
"Assured has signaled that it's willing to engage in this process not like a traditional insurer but rather more akin to a value-maximizing market participant," an analyst said.
Thursday's move marks another formal step back from a water supply crisis that has negatively impacted the city's bond ratings.
The Texas city's property tax-backed debt offering will be sold competitively on Sept. 22, according to a draft preliminary official statement.
Republican efforts on bonding in Louisiana and North Carolina mirror wider GOP-led state governments' efforts to expand power over localities.
