State of Georgia

Municipal bonds were stronger on Tuesday as several large deals swept into the market.

Municipal bonds held firm on Monday ahead of the week’s two biggest deals on opposite ends of the credit spectrum.

Georgia used an internet presentation and an investor platform to highlight its credit strengths before its annual general obligation bond sale.

Municipals were mostly stronger at mid-session, as the market waits for the start of the week’s moderately sized new issue calendar.

Municipal bond buyers are looking with anticipation at the week’s calendar and the arrival of a big California tobacco bond deal.

Ipreo estimates weekly municipal volume at $7 billion, up from a revised total of $6.76 billion this week.

Stockbridge's attorneys filed a state constitutional challenge in local court, and plan to file a civil rights complaint in federal court soon.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Gov. Nathan Deal signed the bills over the objection of Stockbridge bondholders.

The proposed city of Eagles Landing would take the heart out of the city of Stockbridge, Georgia, with no apparent accommodation for its outstanding debt.