Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 3.030% high rate, a decrease from 3.175% last week, and the six-months incurred a 3.190% high rate, a down from 3.340%. Coupon equivalents were 3.104% and 3.296%, respectively. The price for the 91s was 99.234083 and that for the 182s was 98.387278. The median bid on the 91s was 3.020%. The low bid was 3.000%. The bid-to-cover ratio was 2.80. Tenders at the high rate were allotted 80.47%. Tenders totaled $58,737,463,000 and the Treasury accepted $21,000,306,000. The median bid for the 182s was 3.150%. The low bid was 2.990%. The bid-to-cover ratio was 2.69. Tenders at the high rate were allotted 8.61%. Tenders totaled $53,892,082,000 and the Treasury accepted $20,000,112,000.
-
"Each party in this deal benefits in some way," said Seema Mohanty, founder of Mohanty Gargiulo.
1h ago -
The California Supreme Court will hear a case challenging the state's 2013 pension changes, after seemingly settling the issue with a 2020 ruling.
April 24 -
The "impressive" investor appetite for tax-exempts has been "holding steady all quarter despite expensive valuations, supply surges and periods of low reinvestment demand," said GW&K Investment Management strategists in a report.
April 24 -
As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.
April 24 -
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
April 24 -
A Utah law may be tapped to issue bonds to renovate a downtown Salt Lake City basketball arena to accommodate the former Arizona Coyotes.
April 24