Far West

The UC Regents will close the books on its $1.1 billion refunding deal that included the refunding BABs Wednesday. Investors do not appear to be penalizing the issuer in secondary trading as spreads have stayed at or near the original pricing.

The calendar is led by several high-profile deals, including $2.7 billion of GOs from California, $1.5 billion from New York City and $1.1 billion from Washington. High-yield gets another dose of unrated project finance debt from Miami Worldcenter Project tax increment revenue bonds. The Bond Buyer 30-day visible supply sits at $12.06 billion.

The initiative proposed by business interests would amend California's constitution to prevent the state from approving tax increases without a two-thirds majority vote of the Legislature and voter approval.

The Washington refunding deal is built on an extraordinary optional redemption of Build America Bonds despite criticism from investors who hold them.

Alex Boutyrski, who joins as a senior vice president, will work in the group launched by John Baracy in February.

California State Controller Malia Cohen says her office will get the release of the state's ACFR back on track within two years.

California State Senate suggests deficit-shrinking cuts ahead of formal budget.

Fitch analysts cited improved financial metrics, a full recovery on enplanements and great clarity on its capital program.

Gov. Tina Kotek sent a letter to transportation commissioners asking them to scrap a tolling plan for Portland-area highways that was seven years in the making.

Though the economists don't expect a recession looking out two years, there is a lot of risk related to the conflict in the middle east and uncertainty around monetary policy.