Texas moves $9.8B in one year notes, the largest-ever sale of short-term paper by the State. The...

|By:, SA News Editor

Texas moves $9.8B in one year notes, the largest-ever sale of short-term paper by the State. The notes - priced to yield a whopping 0.27% - were oversubscribed by 3.2 times. This sort of paper is typically offered this time of year to have the cash necessary for the start of the school year.