State of California

The Trump administration canceled $929 million of funding that had been appropriated for California high-speed rail.

With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song.

Attention in the municipal market turned to the short-term sector on Thursday.

Billions in new paper came and went just as quickly, with yields dropping from preliminary to final pricing for most of the bigger transactions.

The first of this week’s new paper hit the street with deals continuing to produce lower yields and oversubscription.

The municipal bond market got stronger still as yields continue to go lower and muni/Treasury ratios decrease, ahead of $6.8 billion of new paper.

Municipal bond market participants are keeping one eye on the sale calendar and the other on the equities market.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.

Transportation issues took center stage in the muni market on Thursday.

Legislation to put bond measures and the 2020 and 2022 ballots has cleared two Assembly committees.