Large new-issues price into strong market as yields fall

November 7, 2023

California and Washington sold four large refunding GO deals in the competitive market while several deals of size priced in the negotiated market led by a $650 million for Arizona’s Salt River Project. A constructive secondary led yields to fall three to five basis points.

Posted in California, Local Governments & Public Authorities, Municipal Finance, Primary bond market, Public finance, Secondary bond market, Washington and tagged , , , ,