State of California

Municipal bond supply jumps next week as the last quarter of the year begins.

Municipal yields strengthened for maturities beyond three years, even though President Trump expressed concern.

The municipal bond market remained in quiet mode a day after the Federal Open Market Committee raised interest rates.

Indications of a more hawkish sentiment at the Fed may continue to pressure tax-exempt yields higher, particularly on the short end of the curve.

With the Federal Open Market Committee meeting, activity was at a minimum in the municipal bond market on Wednesday.

Wisconsin sold the biggest deal of the week as investors remained wary ahead of the FOMC meeting.

State officials have lost two rounds in a lawsuit that says California improperly diverted money intended for homeowners to make payments on housing bonds.

The biggest deal of the week came to market on Tuesday as Wiscon sold general obligation bonds.

Voter initiatives can limit the state of California’s operating flexibility, Fitch Ratings analysts wrote.

The intermediate and long end has moved cheaper, creating an opportunity to add some yield to muni portfolios, says Triangle Park's J.R. Rieger.