State of California

New municipal bond issues were well received on Thursday as market tone improved.

Municipals were mixed at mid-session as Treasury investors made an about-face and pulled down yields in the wake of a stock market swoon.

Municipal CUSIP requests declined after a record surge in August, suggesting a possible issuance slowdown.

Municipal bond yields continued their march higher on Wednesday as the primary sector saw a few new deals come to market.

Rising interest rates have created a lot of early October red ink in the bond markets, says J.R. Rieger.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

Municipal bond supply drops off sharply next week with $4.4 billion of volume estimated to hit the screens.

Issuance was light as the municipal bond market got hammered by jumping Treasury yields.

After three quarters, only Morgan Stanley and Jefferies have increased par amount underwritten from last year.

State Auditor Elaine Howle said the state's housing department's oversight of bond expenditures is inconsistent.