NEW YORK - The Treasury Department said it will auction $40 billion five-year notes on Wednesday, Sept. 23 and $43 billion two-year notes on Tuesday, Sept. 22.
The five-years are due Sept. 30, 2014. The two-years are due Sept. 30, 2011. The notes are dated Sept. 30.
All sectors of the muni market posted gains in April, Kim Olsan wrote, exemplifying the market's better-than-expected resilience.
Last year, 23 active ETFs launched along with nine passive ones. While the first quarter of the year bucks that trend as one active ETF launched compared to three passive ones, things could change the rest of the year, analysts say.
Fitch Ratings on Monday echoed a prior move by Moody's Ratings to revise the state's outlook to negative.
Muni advocates are watching Congress move towards a second reconciliation bill that may not require any provisions that pay for funding DHS, and the possibility of a third, tax-focused bill.
Veteran public finance banker Shawn Dralle has joined Los Angeles County as assistant-treasurer tax collector.
With no rate change expected, analysts look at Fed chair nominee Kevin Warsh and how investors should position.
