Washington

New-money volume was off in the Golden State and across the Far West, but refunding volume was down even more.

Looking forward, a myriad of factors, including spiking fuel prices, fallout from the Russian invasion of Ukraine and the heat wave, “will facilitate recessionary(ish) economic outcomes by year end," noted an MMA report.

Most top 10 issuers for 1H are from New York and California, with four from New York and two from California.

Munis are improving, but positive second-half municipal returns likely won’t be enough to offset the major losses of the first half of the year.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.

A decades-old policy position on taxable debt and recommendations for issuance of variable-rate debt were among the issues taken up by the GFOA's debt committee.

Relative cheapness, wider spreads and underperformance in munis are providing better value, all set against a very solid and resilient credit background, analysts say, but supply is testing investor sentiment amid volatility.

Fitch and S&P have now joined Moody’s in downgrading the Renton, Washington-based healthcare system’s $6 billion of bonds.

The spending plan includes $2 billion toward a 16-year transportation package.

Washington state's future highway bonds would be bolstered by an additional revenue stream if the governor signs a bill approved by lawmakers.

A controversial tax on fuel exported to other states from Washington refineries was cut by the plan's author after neighboring governors cried foul.

Issuers in California sold more than $86 billion of municipal bonds in 2021.

A selloff in Treasuries didn't throw Washington's deal off course, according to the treasurer's office.

The state of Washington sold $743 million of general obligation bonds in the competitive market at similar spreads to its November sale while some issuers have moved to the day-to-day calendar.

Washington will bring $742 million of general obligation bonds in competitive sales Tuesday, providing guidance for triple-A benchmark yields.

Washington plans to sell the GOs by competitive bid on Feb. 8 to fund various projects.

Utilities in Texas and eastern Washington see the benefit of serving the power hungry operations.

The FOMC will likely take the opportunity to profess its reliance on data to decide liftoff and reiterate the threshold for a rate hike remains higher than for taper.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.

Washington GOs came at tighter spreads than a spring sale in the competitive market while sizable negotiated deals saw bumps in repricings. Refinitiv Lipper reported $1.4 billion of inflows in the 21st consecutive week.