NEW YORK - The Treasury Department said it will auction $35 billion two-year notes on Tuesday, May 24, and $35 billion five-year notes on Wednesday, May 25.
The five-years are due May 31, 2016. The two-years are due May 31, 2013. The notes are dated May 31.
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.
