State of California

The state's new accounting system gets the blame again for California's second year with an extremely late CAFR.

The governors in Oregon and California point out that climate change has exacerbated the conditions that start and accelerate wildfires.

As the long Labor Day holiday beckoned, munis remained mostly steady in quiet trading. Cal trades up.

The stop-and-go 2020 legislative session left some lawmakers feeling there is unfinished business in Sacramento.

The Florida State Board of Administration Finance Corp. deal was upsized by $1 billion on a day that gave muni buyers a wide variety of paper to choose from.

September got off to a good start as buyers had their pick of a variety of new issues, which priced into a stable market environment.

Price guidance was issued on California's $2.4 billion GO deal as the State of New York Mortgage Agency got ready for its first social bond issue as the ESG muni market expands.

Municipal bond volume kept rolling in August, producing the second-highest volume for the month in the past decade, marking the third consecutive month this year of greater-than $40 billion.

Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points, according to Refinitiv MMD.

Municipal issuers in the Far West sold $38.7 billion in bonds during the first six months of 2020, 8.8% more than they did the year before.