California

Large new issues from California, New York utilities and airport deals were repriced to lower yields and remained the focus for the municipal market, again ignoring a swing by U.S. Treasuries.

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

A larger new-issue calendar greets investors with a lot of cash on hand and strategists expect municipal yields to rise as the calendar builds.

$2.75 billion is available to build permanent housing for unhoused people, California Gov. Gavin Newsom said at a press conference.

The state prices $2.1 billion for institutions on Tuesday, also the date of the statewide vote on whether to recall Gov. Gavin Newsom.

Four men with City of Industry links were charged after a solar farm project resulted in the alleged theft of $20 million in public funds.

Melissa Norcia, appointed Tuesday, will begin her new duties on Sept. 15.

Analysts cited long-term structural balance and high reserves in lifting S&P's outlook on the Golden State's AA-minus rating.

California's drought makes the argument that the San Diego County Water Authority's choice to build a P3 coastside desalination plant was correct.

The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.