State of California

The municipal bond market has had a rough start to 2018, according to a panel of buy and sell side experts at The Bond Buyer‘s Texas Public Finance Conference in Austin.

The municipal bond market on Wednesday was taking stock of Pennsylvania’s successful sale of over $1.5 billion of tobacco bonds.

Pennsylvania sold a tobacco bond deal to receptive buyers, who liked the security pledge, timing and partial insurance.

A lack of supply, price direction, and yield -- yet an abundance of uncertainty -- made for a manic Monday in the municipal market.

Munis were being pressured by a lower-than-average new issue calendar, while a report advised investors how to deal with market volatility.

The municipal market is starving for supply and it will remain that way with another meager weak of issuance, while investors keep their cash on the sidelines amid ongoing equity volatility.

Municipal bond buyers looking for deals will again have to be satisfied with a smaller-than-average calendar for next week.

Muni pros said the move by U.S. Bank to reorganize is a sign of the times, driven by regulations, technology, and legislation.

Wariness was the word among municipal bond market participants on Thursday as yields began to march back higher.

Low interest rates were curbing retail municipal bond buyers' enthusiasm for supply.

As equity and Treasury markets remained volatile, muni traders helped buyers looking for a safe haven.

Municipal bond buyers adopted a cautious tone on Tuesday, waiting for trading volatility to die down before jumping back into the market.

Although market conditions are not pristine, with rising yields and little primary action, market participants expressed reason to believe the first week of February will be a positive one.

Municipal bond yields are rising as buyers look ahead to another smaller-than-average slate of sales heading to market next week.

Bond traders and buyers will keep an eye on rising yields as the municipal bond market sees a smaller than average primary slate scheduled for sale next week.

Worries about a future interest rate hike couples with a rise in Treasury issuance pressured muni yields Thursday.

California is still decades away from prefunding retiree health benefits liability, said State Controller Betty Yee.

Bank of America Merrill Lynch won a large note sale in the primary sector on Thursday as the market eyes bond yields, which have been on a tear since the beginning of the month.

The municipal bond market is focusing its attention on Thursday on rising bond yields a day after the Federal Reserve signaled it could raise interest rates at its next meeting in March.

Municipal bond market participants are weighing in on what they think about what President Trump said about infrastructure in his State of the Union address.