State of California

The muni market was weaker again on Wednesday with yields on the rise, yet that did not slow down the primary. It did not matter if it was tax-exempt or taxable — they were gone in a flash.

The municipal market has been on a tear in terms of fundamentals and technicals that are driving the market and there isn’t much in the near-term likely to stymie that tone.

Municipal bond buyers will see a $7 billion new-issue calendar ahead.

It was a record day in the market in a couple of different ways, as yields descended further to new record lows on both the 10- and 30-year and the market saw the lowest yield ever for a century bond.

Despite tax-exempts being expensive, strong technicals are likely to extend into February.

Wells Fargo will be joint senior manager on a $1.4 billion deal, its first negotiated California deal since State Treasurer Fiona Ma lifted a ban.

Debate over taxables, climate, ESG, possible infrastructure bill hang over 2020.

The muni market strengthened, following treasuries, as yields continued to drop.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.