The Treasury Department auctioned $48 billion of 13-week bills at a high yield of 1.430% on Monday.
The coupon equivalent was 1.455%, and the price was 99.638528.
The median rate was 1.400% while the low rate was 1.375%.
Tenders at the high rate were allotted 34.02%. The bid-to-cover ratio was 2.90.
Tenders totaled $139,366,865,700 and the Treasury accepted $48,000,428,700, including $334,000,000 of non-competitive.
The Fed banks bought nothing for themselves.
Investors pulled $397.4 million from municipal bond mutual funds in the week ended Wednesday, following $1.258 billion of outflows the prior week.
The lawsuit contends that only Congress has the power to set tariffs that the president has unilaterally increased.
Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.
The state hopes bonds and associated incentives will help to address a state-wide housing shortage.
Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.
The Federal Reserve governor remains optimistic about tariffs being a one-time shock to prices, but the central bank still needs more clarity about what the policies will look like.
