State of California

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.

Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.

Municipal bonds were mostly stronger in late trading on Thursday as market activity slowed ahead of Friday’s shortened trading session.

Municipal bonds were stronger in late trading as West Virginia and the Regents of the University of California came to market.

Municipal bonds were stronger at mid-session as several big deals hit the market.

West Virginia increased the amount of its competitive sales planned for Wednesday by almost 30% to save money.

Municipal volume will sink to $6.36 billion, with the California issuer responsible for a third of the week’s paper.

Municipal bond volume slips back down to a more average level next week, after the market saw the biggest slate of the year hit the screens this week.

The Chicago Board of Education more than doubled the size of its general obligation deal to take advantage of demand.

The majority of the week’s big deals have priced over the past few days and are now receiving much attention from retail buyers.