State of Hawaii

As California announced its plans to fund infrastructure and cut its interest costs, Hawaii and the Los Angeles MTA tapped the primary market.

California announced its big spring borrowing schedule as Hawaii and and the Los Angeles MTA came to market.

Washington state and Hawaii kicked off action in the primary market on Tuesday.

Washington state highlighted primary market action with the sale of $640 million of general obligation bonds.

The municipal bond market is in good shape ahead of this week’s $7.2 billion new issue slate.

Municipal bonds were mostly stronger at midday ahead of the week's attractively sized new issue slate.

Attention in the municipal bond market turns westward as some of the week's biggest deals will be coming from Hawaii, Washington state and the Los Angeles County Metropolitan Transportation Authority. Buyers will see the biggest issuance week of the year as $7.2 billion of deals will hit the screens.

Municipal primary volume will surge to $7.2 billion in the week of Feb. 4 from a revised total of $3.8 billion the previous week.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.