State of Washington

Competitive sales from the states of Washington and Wisconsin and negotiated deals from New York and Illinois issuers dominated Tuesday’s new issue slate.

New York and Illinois deals top Tuesday’s new issue slate as municipal bond traders get ready to gobble up some deals in the primary.

Developments on the tax reform front were not far from municipal bond traders' minds as they saw the first of the week’s new issues hit the screens on Monday.

Estimated total bond volume for the week is $9.897 billion, which consists of $6.644 billion of negotiated deals and $3.253 billion of competitive sales.

Municipal bond traders will see a chunky new issue calendar this week as the market’s focus will be on Washington, where Congress will continue to work on tax reform legislation.

Top-shelf municipal bonds were unchanged at midday, according to traders, who are looking ahead to next week’s smaller-than average $4.97 billion new issue calendar.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be headlined by deals from a New York State issuer.

Top-shelf muni yields were mostly unchanged to close out a busy Tuesday, according to traders, as the Texas Water Development Board's billion dollar deal highlighted a busy day.

Top-shelf muni yields are unchanged around lunchtime according to traders, as the market is seeing a multitude of pricings coming in non-stop.

Municipal bond market participants are ready for the flood of pricings expected on Tuesday, on what should be the busiest day of the biggest volume week the market has seen since June.

Top-shelf municipal bonds finished Monday mostly unchanged, as municipal market participants geared up for the busiest week since June.

Municipal market participants are gearing up for the busiest week in a while, as they prepare to see nearly $10 billion of new issuance.

Weekly volume in the primary municipal bond market is expected to almost reach $10 billion in what should be the busiest week in 14 weeks – just in time to close out the third quarter on a good note.

The state is testing an alternative to using fuel taxes to raise funds for infrastructure.

Primary market volume in California and the Far West region rose in the first half even as the national figure was down.

Washington State is without a multi-billion dollar capital budget to allow debt issuance for public needs, in what the state treasurer says is a further reflection of how “new politics” is undermining the municipal market.

The concerns have arisen in the weeks following a round of budget negotiations that was particularly tough for several states.

Washington State lawmakers are unable to come to an agreement on education funding as the fiscal year-end looms.

Washington lawmakers are working into a second special session as they try to pass a budget.