NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
There are currently $85.003 billion of four-week bills outstanding.
The bills settle May 5 and are due June 2.
Federal Reserve banks hold $5.938 billion in maturing bills in their own accounts.
Market support for taxables, particularly those from active issuers, remains firm. Taxables are seeing gains of 1.08% year-to-date, or 50 basis points above a UST index gain, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
The market is experiencing a "calm before a potential storm," said Chris Brigati, managing director and CIO at SWBC.
Megan Kilgore is leaving the Columbus, Ohio, city auditor post to launch a technology consulting firm, BKC Group, with Gregg Bienstock.
Two rating agencies dropped their Los Angeles Unified School District outlook to negative from stable.
Lincoln Center's expansion project shows its confidence in its fundraising abilities and future demand but analysts worry about the debt burden.
The former Fed governor's upcoming confirmation hearing will test whether he can satisfy both a president demanding lower rates and a Congress demanding independence.
