DALLAS — Seeking to take advantage of historically low interest rates on the long and short end of the market, Houston brought $371 million of refunding bonds to market Tuesday through a syndicate led by Jefferies & Co.

An issue of $269.7 million of Series A tax-exempt general obligation bonds drew yields of 4.036% on 4% coupons maturing in 2042, while $101.7 million of taxable Series B bonds maturing in 2018 with coupons of 1.5% yielded 45 basis points over Treasuries.

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