Washington

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.