The Treasury Department said yesterday it will raise $6.998 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $37 billion to refund $30.002 billion of maturing securities. To be sold are $19 billion of 91s, dated Jan. 10 and due April 10, and $18 billion of 182s, dated Jan. 10 and due July 10. Federal Reserve banks hold $12.408 billion of maturing bills in their own accounts, all of which may be refunded. Also maturing is an estimated $23 billion of publicly held four-week Treasury bills, the disposition of which will be announced Jan. 7.
-
The University repriced to lower yields up to 15 basis points Wednesday while Illinois accellerated its pricing of its tax-exempt GOs and were repriced yesterday afternoon with bumps of 10 to 13 basis points and saw $1.5 billion of retail orders alone.
2h ago -
California lawmakers asked the high court to intervene on the measure headed for November's ballot.
2h ago -
Immigration effects in municipalities are seen as pros and cons
3h ago -
A state judge issued a temporary injunction against enforcement of the Energy Discrimination Elimination Act, which has led to the ban of seven financial firms, including four big municipal bond underwriters, from government contracts.
4h ago -
"One big challenge is the amount of advocates that we've had in Congress that will be retiring or no longer running for re-election," said SIFMA's Leslie Norwood.
5h ago -
Lawmakers in Illinois have proposed legislation to consolidate the Chicago Transit Authority, Metra, Pace and the Regional Transportation Authority.
10h ago