Sell side

The city's sustained financial health is attracting private investment and enabling it to fund neighborhood infrastructure needs, Mayor Bill Peduto said.

Bond yields keep grinding lower ahead of the largest issuance week of 2020, clocking in at $13 billion.

Lack of supply continues while professional money keeps market liquid.

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.

Thanks to the taxable tear, the municipal market saw the third highest volume for the month of January in the past 10 years.

Wells Fargo will be joint senior manager on a $1.4 billion deal, its first negotiated California deal since State Treasurer Fiona Ma lifted a ban.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

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.

Whether new dedicated revenue for the MTA or its higher total debt holds more sway in the capital markets remains an open question.