State of California

The last of the week’s big new issues hit the screens on Thursday.

California's largest-ever competitive taxable deal, which followed two upgrades, drew 10 or more bidders for each tranche.

Supply surged into the municipal market on Wednesday with California and New York issues taking top spot.

Just in time for its $1.4 billion bond sale, California received a holiday present from Moody’s.

Moody's lifted California to Aa2 ahead of plans to sell $1.1 billion of general obligation bonds.

Rampant issuance continues with $12.4 billion, heavy on taxable deals. Meanwhile, the end of this volatile week had the secondary getting whacked with AAA benchmarks showing big cuts.

Issuers from New York, Florida and Nebraska offered buyers notes, bonds and taxable deals.

The general obligation bond measure would allocate $9 billion to K-12 schools and $6 billion to the state's universities and community colleges.

Competitive issues dominated Wednesday’s calendar with issuers from Nevada, Texas and New Jersey leading the pack.

A large calendar this week should spark high demand, market participants say.

This week's new deals will price into a market that has seen declining yields as stocks and Treasuries have weathered market volatility.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

The strength of the state’s credit profile, coupled with a supply-demand imbalance for tax-exempt bonds, has helped the state in the market, a new report says.

The municipal market continues to flex its muscles even as the U.S. economy seems to be slowing, which could lead to an even flatter yield curve.

The Big Apple was a big presence in the market on Thursday as it sold almost $1 billion of taxable and tax-exempt general obligation bonds.

Municipal bonds were on the move Wednesday as two big issuers came to market with over $1 billion of transportation bonds.

Muni yields were mixed as weak economic data pressured Treasuries and stock prices.

Another big week is in store for investors with a $1B NYC deal waiting in the wings.

Municipal bond volume continues to accelerate, closing out the month of September 39.1% higher and the quarter 17.8% higher than a year earlier, as issuers flocked to market with taxable deals.

As we enter the fourth quarter, municipals continue their remarkable performance with the market continuing to follow trends of demand outstripping supply and inflows into the asset class.