News and Information from Bond Buyer

MBIA Inc. said fourth-quarter profit of its U.S. public finance business fell as premiums from refunding transactions declined.

The Treasury Department said it will auction $12 billion 29-year 11-month 3% bonds on March 9.

The Treasury Department said it will auction $20 billion 9-year 11-month 2 1/4% notes on March 8.

The Treasury Department said it will auction $24 billion three-year notes on March 7.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $24 billion 182-day discount bills Monday.

A March rate hike "is on the table for discussion," Federal Reserve Board Governor Jerome Powell said in a televised interview Thursday.

The wheels came off the so-called "grand bargain" deal for an Illinois budget Wednesday, which may bode poorly for the state's already low bond ratings.

"New York City purchasing managers reported slower growth while still indicating a faster pace of activity in February," as the current business conditions index decreased to 51.3 in February from 57.7 in January, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.

Indicator Last Report Forecast Actual Initial Claims 2/18: 242,000 2/25: 245,000 2/25: 223,000 Continuing Claims 2/11: 2.063M 2/18: 2.065M 2/18: 2.066M

The municipal bond primary will be slowing down on Thursday as traders watch yields, which continued to exhibit volatility in the wake of geopolitical events and concerns about the pace of interest-rate hikes by the Federal Reserve.

Mar. 2, 2017 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.82 1.55 2.4 3.17 Florida Aa1/AAA/AAA 0.8 1.55 2.41 3.2 Georgia Aaa/AAA/AAA 0.8 1.5 2.29 3.05 Kentucky Aa2/A+/AA- 0.85 1.66 2.51 3.29 Louisiana Aa3/AA/AA- 0.93 1.82 2.76 3.57 Mississippi Aa2/AA/AA 0.82 1.6 2.48 3.28 North Carolina Aaa/AAA/AAA 0.8 1.5 2.28 3.04 South Carolina Aaa/AA+/AAA 0.8 1.51 2.31 3.06 Tennessee Aaa/AAA/AAA 0.8 1.5 2.29 3.05 Virginia Aaa/AAA/AAA 0.79 1.48 2.27 3.03 West Virginia Aa2/AA-/AA 0.83 1.6 2.48 3.25

3/1/2017 2/22/2017 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 4 $61,855 6 $340,745 -278,890 Florida 4 78,915 8 335,900 -256,985 Georgia 5 1,186,080 4 1,183,860 2,220 Kentucky 3 68,925 2 56,260 12,665 Louisiana 2 52,235 2 52,235 0 Mississippi 3 282,575 1 223,630 58,945 North Carolina 2 146,295 1 116,290 30,005 South Carolina 3 38,145 5 169,775 -131,630 Tennessee 4 186,745 4 151,035 35,710 Virginia 1 26,515 5 230,755 -204,240 West Virginia 2 40,500 0 0 40,500

Thursday, March 2 Issuer St Description Amount

Thursday, March 2 Issuer St Description Amount

Week Of February 27 Issuer St Description Amount

MAINE

ALABAMA

The MSRB has draft amendments to its Rule G-34 on CUSIP numbers to clarify requirements and clear up misunderstandings.

The U.S. Virgin Islands Senate passed a series of new taxes Tuesday night expected to bring in $250 million in the next five years.

Government