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Demand exceeds supply as state wraps up $8.8-billion debt sale
Money & CompanyInvestors??? desperation for decent income played into California???s hands this week, as the state wrapped up its mammoth sale of $8.8 billion in short-term debt. The offering drew total demand of $9.23 billion, as institutional investors today fought to... -
State tells investors to expect yields on debt sale at low end of range
Money & CompanyStrong investor demand for California???s $8.8-billion debt sale this week will keep the state???s interest cost on the money at the low end of the expected range, Treasurer Bill Lockyer said Tuesday. Brokerages had orders from individual investors for... -
As muni bond yields keep falling, California sets $5-billion debt sale for October
Money & CompanyCalifornia, which had no trouble selling $8.8 billion in short-term debt this week, next will test investors??? appetite for longer-term bonds. The state plans to sell general obligation bonds the week of Oct. 5 to raise money for voter-approved... -
California muni bond sale sees weak initial orders
Money & CompanyCalifornia???s infrastructure-bond sale this week isn???t off to a strong start -- a sign many investors are unimpressed with municipal bonds after the latest steep drop in market yields. I noted in this post that the state???s first sale of...... -
Seven 2009 memories sure to stay with you, like it or not
Money & CompanyA spectacular market crash, a dramatic rebound, a financial system and economy pulled back from the brink of collapse -- who writes this stuff, Hollywood? The most emotionally riveting reality TV of 2009 was what emanated regularly from Wall Street...... -
California to test bond buyers' hunger with $4.5-billion debt deal
Money & CompanyAre California municipal bond investors ready to say no mas to lower yields? We may find out this week, as state Treasurer Bill Lockyer offers $4.5 billion of voter-approved general obligation bonds for sale beginning on Tuesday. It's the state's...... -
Investors balk at low yields in California bond sale
Money & CompanyCalifornia came up short trying to sell longer-term municipal bonds to individual investors this week, in the first such sale since last spring. The steep decline in market yields on muni bonds since July has left many investors unwilling to...... -
Investors force California to boost yields in big bond sale as demand wanes
Money & CompanyCalifornia suffered a painful snub by investors Thursday, as the state???s attempt to sell $4.5 billion in longer-term general obligation bonds failed to attract enough demand to raise the full amount. After boosting interest rates on a chunk of the...... -
With yields up, California muni bond sale sees strong demand
Money & CompanyThe steep rebound in California municipal bond yields since the start of the month is bringing individual investors back to the market in a big way. The state’s latest bond sale -- an offering of $3.5 billion in tax-free "economic...... -
California's debt rating cut again on budget woes
Money & CompanyCalifornia’s only remaining A-level credit grade from a major ratings firm is in greater danger as the state’s budget woes deepen yet again. Standard & Poor’s today cut its rating on California’s $64 billion in general-obligation debt to A-minus... -
Thousands of state IOUs still uncashed
L.A. NOWMore than 89,000 people and businesses who received IOUs last year as California stopped paying its bills during the summer budget crunch still haven’t cashed in on the more than $50 million they are owed. In Los Angeles County, there...... -
Investors turn out for California muni bond sale -- for a price
Money & CompanyCalifornia wrapped up a sale of $3.5-billion in tax-free municipal bonds on Thursday, and was able to trim yields slightly from initial expectations as investors bid aggressively for the debt. Still, taxpayers will foot significantly higher interest costs...
Sep 23, 2009
| Los Angeles Times
Sep 23, 2009
| Los Angeles Times
Sep 25, 2009
| Los Angeles Times
Oct 7, 2009
| Los Angeles Times
Dec 29, 2009
| Los Angeles Times
Oct 5, 2009
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Oct 8, 2009
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Oct 9, 2009
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Oct 27, 2009
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Jan 13, 2010
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Jan 14, 2010
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Oct 30, 2009
| Los Angeles Times
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