Yield-hungry individual investors have snapped up nearly two-thirds of California's $2-billion tax-free bond offering, which the state launched on Tuesday.
As of 10 a.m. Wednesday, the state had orders for $1.29 billion of the general-obligation bonds, or 65% of the total, according to Joe DeAnda, a spokesman for Treasurer Bill Lockyer in Sacramento.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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