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A stratified credit differentiation can be expected to linger for the foreseeable future until revenue streams in sales-tax and other project-backed bonds are more fully restored. Pension obligation bonds are back in California.
April 20 -
Hard on the heels of last week's successful California sale, the municipal bond market will see some much needed supply head its way this week.
April 20 -
While many new-issues are still on the day-to-day calendar for next week, more are being slated to price on specific days, signaling that dealers and issuers are ready to again test the primary.
April 17 -
The secondary market took a backseat to the primary Thursday with yields holding steady while Lipper reported $833 million of inflows, the first since February 26.
April 16 -
May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.
April 9 -
The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.
April 8 -
Municipal bond issuance was $67.88 billion after the first two months of 2020 and was on pace to easily eclipse the $400 billion mark — then COVID-19 completely turned the market upside down.
March 31 -
The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.
March 25 -
The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.
March 23 -
The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.
March 12