WASHINGTON — The Treasury Department said yesterday it will raise $3.329 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $34 billion to refund $30.671 billion in maturing securities.
To be sold are $18 billion in 91s, dated Dec. 22 and due March 23, 2006, and $16 billion in 182s, dated Dec. 22 and due June 22, 2006.
Facing big demand for housing, the state's efforts to spur development have spurred litigation by cities challenging recent laws and a compliance crackdown.
The department shifted funds that would have been invested in solar power to improve the island's electrical system.
"We're seeing some of the additional instability and other things come into play," said Dan Genter, CEO of Genter Capital Management.
The Internal Revenue Service is requesting documents from the Erie City Water Authority regarding a $36,320,000 issuance of Water Revenue Bonds Series D of 2019.
The revenue bonds, which would help finance a bigger convention center to replace the city's current facility, would be issued in the first half of 2026.
Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels.
