State of California

Top-rated municipal bonds were unchanged at mid-session, according to traders, as California’s $2.5 billion general obligation bond deal was priced for retail investors.

The municipal bond market is looking at a $6.87 billion new issue calendar this week, dominated by the state of California’s $2.5 billion general obligation bond deal.

Primary municipal bond market volume is expected to perk up to $6.9 billion in the coming week, more than one-third of it in a single deal from the Golden State.

Primary market volume in California and the Far West region rose in the first half even as the national figure was down.

The California WaterFix could pressure some utilities, Fitch said.

Hazelden Betty Ford Foundation was dropped from the single A category by Moody’s Investors Service.

Municipal bond volume ended the month of July down 20% as refundings plummeted.

Backers of the proposed ballot measure have to collect 365,880 valid voters' signatures by Jan. 8.

The 11.2% return for fiscal 2017 represents a big rebound from the previous year.

Affordable housing measures have taken center stage in Sacramento.