News and Information from Bond Buyer

The Treasury Department said it will auction $20 billion year bills on Mar. 28.

The Treasury Department said Thursday it will auction $41 billion 91-day bills and $35 billion 182-day discount bills Monday.

San Jose, Calif. is prepared to issue $640.7 million of airport revenue refunding bonds in a deal city officials expect to generate savings “well in excess” of their policy goals.

The Treasury Department sold $11 billion of inflation-indexed 9-year, 10-month TIPs at a 0.466% high yield, an adjusted price of 99.636307, with a 3/8% coupon.

Top quality municipal bonds were stronger at mid-session, according to traders as the last few big deals of the week came to market.

The 12-month investment gains of Rhode Island's pension fund topped $1 billion, state General Treasurer Seth Magaziner announced.

Connecticut will sell $750 million of general obligation bonds in a deal that includes a $200 million refunding.

Activity in the primary market is winding down on Thursday as a last few big deals head to the market before traders turn their eyes to next week's slate.

Mar. 23, 2017 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.88 1.69 2.44 3.25 Florida Aa1/AAA/AAA 0.86 1.7 2.46 3.28 Georgia Aaa/AAA/AAA 0.86 1.64 2.33 3.13 Kentucky Aa2/A+/AA- 0.91 1.8 2.55 3.37 Louisiana Aa3/AA-/AA- 0.99 1.96 2.8 3.65 Mississippi Aa2/AA/AA 0.88 1.74 2.54 3.34 North Carolina Aaa/AAA/AAA 0.86 1.64 2.32 3.12 South Carolina Aaa/AA+/AAA 0.86 1.67 2.36 3.15 Tennessee Aaa/AAA/AAA 0.86 1.64 2.33 3.13 Virginia Aaa/AAA/AAA 0.85 1.62 2.31 3.11 West Virginia Aa2/AA-/AA 0.89 1.74 2.52 3.36

3/22/2017 3/15/2017 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 3 $60,000 3 $60,000 0 Florida 2 71,975 4 78,915 -6,940 Georgia 6 1,248,395 6 1,231,395 17,000 Kentucky 3 48,420 3 95,110 -46,690 Louisiana 1 189,115 1 203,320 -14,205 Mississippi 1 223,630 3 256,630 -33,000 North Carolina 4 442,565 0 0 442,565 South Carolina 3 38,145 4 52,645 -14,500 Tennessee 2 14,000 0 0 14,000 Virginia 0 0 0 0 0 West Virginia 0 0 0 0 0

Thursday, March 23 Issuer St Description Amount

Thursday, March 23 Issuer St Description Amount

Week Of March 20 Issuer St Description Amount

CALIFORNIA

ALABAMA

Government

Texas lawmakers need to face four areas where long term liabilities are growing, including the funding level of its public pensions, said state Comptroller Glenn Hegar.

Minnesota’s Republican leaders laid out their cards on transportation spending this week, but they remain in conflict with Gov. Mark Dayton’s proposal.

Puerto Rico bond recoveries may be better than projected by the Oversight Board in the fiscal plan it approved this month, according to a Moody’s analyst.

Top-rated municipal bonds finished stronger on Wednesday, according to traders, as more volume hit the market.