State of Washington

Mike Pellicciotti, a Democratic state representative, unseated incumbent Duane Davidson. Both say they are working on a smooth transition.

Municipals weakened as supply surged into the market, with AAA yields up by as much two basis points on longer-dated maturities.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

Financial challenges posed by the COVID-19 pandemic have not slowed long-term capital initiatives at public power firms.

Washington State pulled a note deal after a glitch resulted in two-thirds of bidders not seeing a couponing instruction.

The municipal market saw a plethora of deals come in while secondary market trading showed some weakness on AAA benchmarks.

The municipal primary saw billions of new deals hit the market, but the final yields on the biggest deal of the day result in something that the market hadn’t seen in a while — a repricing to higher yields.

Municipal investors should go long as the short end is expensive, strategists say.

Next week's deal will be sold at auction but Washington's state finance team says it is is agnostic about using negotiated or competitive sales to price bonds.

The state sold tax-exempt refunding debt at 2019 rates but won't deliver them until 2021 when the call date of the original bonds is reached.

The municipal market was hit with a ton and a half of new issuance with bond hungry investors waiting with open arms and cash in hand.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

Issuers jump into the market as yields remain near record low levels.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

Washington's overall economic strength and strong pension funding position outweighed troubles at Boeing as Moody's upgraded the state to Aaa.

It's Moody's first upgrade of the state since 1997.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

Municipal bond issuance jumped 29.2% in February, and may climb further as the initial effects of the 2017 tax act fade.

The primary market was active on Tuesday as deals from the Dormitory Authority of the State of New York and the state of Texas hit the screens.

Duane Davidson recommended more use of pay-go financing, instead of borrowing, in the state's debt affordablity report.