NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.
There are currently $79.008 billion of four-week, or 28-day, bills outstanding.
The bills settle June 9 and are due July 8.
Federal Reserve banks hold $3.782 billion in maturing bills in their own accounts.
"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.
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
