California completes a sale of $8.8B in revenue anticipation notes, with yields from 1.25%-1.5%,...

|By:, SA News Editor

California completes a sale of $8.8B in revenue anticipation notes, with yields from 1.25%-1.5%, lower than forecast. Retail investors bought most of the higher-yield notes, and institutional investors stepped in to buy the lower-yielding May notes today.