Texas Comptroller Glenn Hegar Announces High Demand for Texas Short-Term Notes

Texas Comptroller Glenn Hegar Announces High Demand for Texas Short-Term Notes

(AUSTIN) — Texas Comptroller Glenn Hegar announced today’s sale of $8 billion in Texas Tax and Revenue Anticipation Notes (TRAN) received a net interest rate of 1.34 percent. “Texas remains a very solid investment, and we are pleased with the market’s reaction to this sale,” Hegar said. “A net interest rate of 1.34 percent on what is essentially a 1-year note, while 1-year Treasury notes are yielding about 1.7 percent, is indicative of Texas’ strong credit […]

Texas Comptroller Glenn Hegar Announces High Demand for Texas Short-Term Notes

Texas Comptroller Glenn Hegar

(AUSTIN) — Texas Comptroller Glenn Hegar announced today’s sale of $7.2 billion in Texas Tax and Revenue Anticipation Notes (TRAN) received a net interest rate of 1.84 percent. “The tremendous demand for these notes is directly related to Texas’ conservative cash management and solid fiscal policies, which allowed the state to earn the highest possible short-term ratings ahead of this sale,” Hegar said. “With bids totaling nearly four times the amount offered, it’s clear the market […]