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...

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...

And Tom Petruno from latimesblogs.latimes.com says (in California muni bond yields jump as budget crisis sinks in) Market yields on the state's outstanding general obligation bonds have jumped in the last week, reflecting falling prices for the securities as buyers have backed away.

The muni market sell-off has been fueled in part by a jump in yields on U.S. Treasury securities, amid the federal govern...