News and Information from Bond Buyer

President Trump's 2018 budget outline would dramatically cut spending for federal transportation and community development programs.

Changes to New York MTA’s four-year financial plan slightly worsen the outlook for the authority, said the watchdog Citizens Budget Commission

Puerto Rico Resident Commissioner Jenniffer González Colón said that an extension of the Puerto Rico Oversight, Management and Economic Stability Act litigation stay was unlikely.

Municipal bond traders are seeing the last issuance of the week come to market on Thursday, as muni yields continue to fall by as many as three basis points on some maturities.

Long-term structural balance in New Jersey remains elusive thanks to continued deferral of full funding for future retirement obligations, said S&P.

California’s “sanctuary city” fight with the Trump administration is not likely to have huge financial implications for its cities, according to recent analysis.

The Treasury Department said it will auction $11 billion 9-year 10-month inflation-protected notes on March 23.

Market experts participating in a live survey at the National Municipal Bond Summit said they believe the Federal Open Market Committee will raise interest rates three times this year.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.

Bipartisan efforts to resolve Illinois' nearly two-year-old budget impasse took a backseat at the state capital as Republicans pressed stand-alone pension legislation and a bill giving Gov. Bruce Rauner sweeping emergency budget powers.

Indicator Last Report Forecast Actual Housing Starts Jan.: 1.251M Feb.: 1.260M Feb.: 1.288M Building Permits Jan.: 1.293M Feb.: 1.260M Feb.: 1.213M Initial Jobless Claims 3/4: 243,000 3/11: 240,000 3/11: 241,000 Continuing Claims 2/25: 2.060M 3/4: 2.050M 3/4: 2.030M Philly Fed Manufacturing Feb.: 43.3 March: 30.0 March: 32.8

Municipal bond traders will see the last issuance of the week come to market on Thursday, on the heels of muni yields dropping in wake of the news that interest rates will increase.

Gerrard Bushell, CEO and president for the Dormitory Authority of the State of New York (DASNY), checks in for his second visit with The Bond Buyer on how one of the nation's top municipal issuers is shaping up for 2017 and how changes in Washington D.C. may impact borrowing for education, healthcare and the arts. Hosted by Andrew Coen.

The region's manufacturing sector expanded in March, but at a slower pace than in February, as the general business conditions index declined to 32.8 from 43.3 in February, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The New York region's service sector activity "expanded slightly," according to the Federal Reserve Bank of New York's March Business Leaders Survey, released Thursday.

Mar. 16, 2017 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.85 1.73 2.6 3.37 Florida Aa1/AAA/AAA 0.83 1.75 2.62 3.4 Georgia Aaa/AAA/AAA 0.83 1.68 2.5 3.25 Kentucky Aa2/A+/AA- 0.88 1.84 2.71 3.49 Louisiana Aa3/AA/AA- 0.96 2 2.96 3.77 Mississippi Aa2/AA/AA 0.85 1.78 2.7 3.46 North Carolina Aaa/AAA/AAA 0.83 1.68 2.48 3.24 South Carolina Aaa/AA+/AAA 0.83 1.71 2.52 3.27 Tennessee Aaa/AAA/AAA 0.83 1.68 2.49 3.25 Virginia Aaa/AAA/AAA 0.82 1.66 2.47 3.23 West Virginia Aa2/AA-/AA 0.86 1.78 2.68 3.5

3/15/2017 3/8/2017 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 3 $60,000 4 $146,500 -86,500 Florida 4 78,915 4 78,915 0 Georgia 6 1,231,395 6 1,236,860 -5,465 Kentucky 3 95,110 3 86,215 8,895 Louisiana 1 203,320 1 42,070 161,250 Mississippi 3 256,630 2 248,630 8,000 North Carolina 0 0 1 44,000 -44,000 South Carolina 4 52,645 4 52,645 0 Tennessee 0 0 4 55,000 -55,000 Virginia 0 0 0 0 0 West Virginia 0 0 3 224,500 -224,500

Thursday, March 16 Issuer St Description Amount

Thursday, March 16 Issuer St Description Amount

Week Of March 13 Issuer St Description Amount