State of California

The municipal bond market saw several large deals hit the screens on Wednesday, led by issuers in Michigan and South Carolina.

Municipals were mixed at mid-session as the market prepared to take on a spate of new supply.

Suggestive of possible near-term growth in issuance, municipal CUSIP requests rebounded in October.

Municipal bonds were stronger at mid-session as buyers await this week’s new issue supply.

California tax revenues missed projections by $412.2 million, marking the first time in months that the state has fallen short.

The California Supreme Court will hear oral arguments Dec. 5 on a case to decide what pension rights are vested for government employees in the state.

Municipal bond supply takes a big leap forward during next week’s holiday-shortened trading since markets are closed on Monday for Veterans Day.

Munis ended stronger on a day when activity was muted ahead of the Fed leaving rates unchanged.

Municipal bonds remained stronger, basking in the afterglow of U.S. election results.

Munis were buoyed by election results indicating that infrastructure may be on the Congressional agenda.