NEW YORK - The Treasury Department said it will sell $32 billion of four-week discount bills tomorrow.
There are currently $59.008 billion of four-week, or 28-day, bills outstanding.
The bills settle Nov. 27 and are due Dec. 24.
Federal Reserve banks hold $3.782 billion in maturing bills in their own accounts.
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.
