NEW YORK - The Treasury Department said it will auction $12 billion four-year eight-month inflation-indexed bonds on Thursday, August 18.
The notes are dated April 15, and due April 15, 2016.
Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.
The bonds and notes will be used to build a Mobile River Bridge for Interstate 10 and do some work on the Bayway.
In a 5-6 vote, the city council rejected the mayor's proposal to place $489 million of revenue bonds for a professional basketball arena on the Nov. 3 ballot.
Lighter market activity is customary for a Monday, SWBC's Chris Brigati said, especially as issuers prepare to price $15 billion.
The inspector general warned in a report that the California bullet project could run out of money for construction by December 2027.
Box Elder School District's general obligation rating was cut to A1 from Aa2 ahead of a certificates of participation sale this week.