Live Breaking News & Updates on California Enterprise Development Authority Aa

Stay updated with breaking news from California enterprise development authority aa. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Munis weaken, focus turns to large primary market

Several weeks of elevated supply should theoretically be "weighing more on performance, but the market is now just ahead of its largest reinvestment season, which so far in 2024 has become even more pronounced, with an additional $19.5 billion scheduled for call/redemption between [June 1 and August 30]," said Matt Fabian, a partner at Municipal Market Analytics. ....

Iowa , United-states , North-carolina , Harris-county , Texas , Florida , Edmonds-school , District-of-columbia , Tampa , Oregon , Virginia , Fort-worth

Selling pressure mounts, muni yields spike

"While we acknowledge that the market tone is weaker [Monday], we are generally constructive regarding valuations and expect this week's supply to be absorbed fairly well after last week's giveback of the richening witnessed over prior weeks," said Vikram Rai, head of municipal markets strategy at Wells Fargo. ....

California , United-states , Pasadena , Texas , Fort-worth , Wake-county , North-carolina , Florida , Ohio , Illinois , Nevada , Iowa

New-issue muni bond calendar is robust at +$12 billion

There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week's largest negotiated deal from Harris County, Texas, with $950 million of toll road first lien revenue and refunding bonds. The competitive calendar ticks up with several high-grade names. ....

Virginia , United-states , Florida , Michigan , Pasadena , Texas , Oregon , Fort-worth , Los-angeles , California , Great-lakes , Illinois