State of Washington

Washington plans to sell the GOs by competitive bid on Feb. 8 to fund various projects.

The FOMC will likely take the opportunity to profess its reliance on data to decide liftoff and reiterate the threshold for a rate hike remains higher than for taper.

The rating agencies affirmed two AA-plus and one triple-A rating ahead of the deal.

The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.

The municipal market was steady Monday as the investors gear up for three separate billion-dollar deals heading to market from California, New York, and Connecticut issuers.

Even if there was some hesitation in the past few sessions to accept lower municipal yields given rich valuations, municipals continue grinding lower. One- and two-year AAA yields hit record lows of 0.06% and 0.08%, respectively.

The January employment report headline number disappointed while stimulus news lifted equities and U.S. Treasuries rose on both counts. Municipals ignored those moves ahead of another week of less-than-ample supply.

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.