Treasury has suspended its SLUGS program,...>

US TSYS: Treasury has suspended its SLUGS program, according to Bloomberg;

recall that this takes place of this Friday's expiration of the temporary debt

ceiling lifting, when Tsy starts to make moves to avoid bumping up against the

debt ceiling.

- The Treasury said that its "State and Local Government Series," also known as

"SLGS",  are special purpose securities that the Department of the Treasury

issues to state and local government entities, upon request by those entities,

to assist them in complying with federal tax laws and Internal Revenue Service

arbitrage regulations when they have cash proceeds to invest from their issuance

of tax exempt (municipal) bonds. There is no statutory or other requirement for

the Treasury Department to issue SLGS, so the Treasury may suspend the sale of

SLGS as the debt subject to limit approaches the debt limit."