Public finance

In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.

After two weeks of a deluge of issuance, supply drops off "given the FOMC meeting and Juneteenth holiday, so we expect investors will refocus on the secondary market and look to scoop up any value left behind in the wake of the issuance onslaught," said Birch Creek strategists.

"This case involves the discovery of a massive Ponzi-like fraud orchestrated by former GHA executive director Robert Cappelletti," plaintiffs GHA and Greater Groton Realty Corp., a non-profit affiliate of the GHA, said in an April court filing. 

Fitch cited the authority's stronger margins in recent years.

The panel is not expected to change rates, but the dot plot will be watched to see if the Fed's prior projection of two rate cuts this year holds.

Civic Builders, a 23-year-old nonprofit charter school developer and financer, borrowed though the public municipal bond market for the first time.

The state was one of three where one person was responsible for deciding how to invest pension money.

Issuance takes a bit of a breather due to the Juneteenth holiday and the Federal Open Market Committee meeting, Barclays strategists said.

The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.

"There's a lot more we can do now that we have a platform," said DPC DATA CEO Ken Hoffman.