State of California

Retail buyers hungry for supply took on some of the $727 million of general obligation bonds that Massachusetts offered on Tuesday.

Municipals were firm as Massachusetts offered almost $727 million of general obligation bonds to retail buyers.

A huge surplus and strong state economy could drive demand for the upcoming $989 million offering.

Municipal bond buyers will get another chance to get some Massachusetts and Texas paper as both issuers head into the market.

Massachusetts and Texas will be in the market next week as the unofficial summer season winds down during the last week before Labor Day.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.

Keely Bosler will take the helm at the department, replacing Michael Cohen.

Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.