California Supply Technicals Look Very Positive.
    by Randy Jacobus
    Wednesday, March 21, 2012
    Between May and August, the number of bonds maturing and the amount of coupons received by investors will equate to approximately 20 billion dollars or 5 billion per month. This money will likely be reinvested back into California Bonds. See table below which includes numbers compiled by the analysts at Siebert Bradford and Shank and confirmed by ASA.
     
      Bonds Maturing Coupons Total Cash Available For Reinvestment
    January 306,170 1,382,844 1,689,014
    February 1,320,811 2,338,054 3,658,865
    March 661,190 1,250,188 1,911,378
    April 775,789 1,104,810 1,880,599
    May 5,761,666 1,630,470 7,392,136
    June 1,739,421 1,388,853 3,128,274
    July 2,558,399 1,378,312 3,936,710
    August 3,070,964 1,977,294 5,048,258
    September 1,769,369 1,225,077 2,994,446
    October 1,147,923 1,090,913 2,238,836
    November 1,147,923 1,586,655 2,734,578
    December 771,628 1,294,190 2,065,818
    Total 21,031,254 17,647,659 38,678,913
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