The Treasury Department yesterday said it will raise $6.997 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $41 billion to refund $34.003 billion of maturing securities. To be sold are $21 billion of 91s, dated Dec. 13 and due March 13, 2008, and $20 billion of 182s, dated Dec. 13 and due June 12, 2008.Federal Reserve banks hold $16.933 billion of maturing bills in their own accounts, all of which may be refunded.Also maturing is an estimated $28 billion of publicly held four-week Treasury bills, the disposition of which will be announced Dec. 10.
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Fitch Ratings said the negative outlook on the BB-plus rating reflects Miami Jewish's thin operating profile.
April 22 -
The new-issue calendar will be a "good test to see if the higher absolute yields can pull buyers off the sidelines or if underwriters need to widen spreads significantly enough to reprice the entire market to clear the deals," according to Birch Creek strategists.
April 22 -
The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
April 22 -
"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.
April 22 -
S&P affirmed the state's AA issuer credit rating, citing healthy reserves and plans to increase permanent fund totals to mitigate revenue fluctuations.
April 22 -
The top five bond financings have an average dollar volume of more than $1.9 billion.
April 22