7 Months Ago, Tom Petruno from latimesblogs.latimes.com says (in California sets short-term debt sale for Sept. 21-23) California’s planned sale of up to $10.5 billion in short-term notes is scheduled for the week of Sept. 21, Treasurer Bill Lockyer’s office said today. The debt, known as revenue anticipation notes, or RANs, will bridge the gap between near-term...

8 Months Ago, Tom Petruno from latimesblogs.latimes.com says (in Don't tell Sacramento, but state's bonds lure buyers again) Investors' appetite for California municipal bonds has improved noticeably in the last few days, driving down market yields on the securities.

It also has helped the muni market that U.S. Treasury bond yields have tumbled in recent weeks.

Tom Petruno

9 Months Ago, Tom Petruno from latimesblogs.latimes.com says (in Wall Street awaits California's short-term borrowing plans) Once California produces a fiscal 2010 budget more or less in balance, Wall Street has been expecting that the state would come looking for short-term financing to bridge the gap between current cash needs and future tax revenue.

Tom Petruno

Photo: State Treasurer Bill Lockyer

10 Months Ago, Tom Petruno from latimesblogs.latimes.com says (in Muni bond market roiled as investors demand higher yields) The muni market’s sudden troubles, after a strong rally for much of the spring, in part reflect the surge in U.S. Treasury bond rates: As Treasury yields rise they’re putting upward pressure on other interest rates.

The whole muni market has gotten hurt, but California is leading the parade...