The Treasury Department said yesterday it will raise $9.003 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $39 billion to refund $29.997 billion in maturing securities. To be sold are $20 billion 91s, dated Dec. 27 and due March 27, 2008, and $19 billion 182s, dated Dec. 27 and due June 26, 2008.Federal Reserve banks hold $14.015 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. 21.
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"Bond market investors are all wishing that April was behind us as they are anxious to hear the Fed's statement at its next FOMC meeting," noted BofA Global Research. "The statement should be no surprise as the market consensus has converged to 'higher for longer' rates.
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CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
2h ago -
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
3h ago -
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
4h ago -
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
6h ago -
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
7h ago