News and Information from Bond Buyer

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.480% high yield, a price of 99.962667.

Indicator Last Report Forecast Actual Existing Home Sales Nov.: 5.65M Dec.: 5.50M Dec.: 5.49M

Although the updated guidance could benefit from revisions or clarification of certain provisions that weren't addressed, it provides welcome guidance for issuers and 501(c)(3) borrowers entering into management contracts.

New York MTA retired $945 million of debt from its core portfolio last year through normal amortization, said deputy finance director Olga Chernat.

Connecticut's agreement with labor unions to change various pension funding assumptions has a mildly positive credit effect on the state, said S&P.

Alan Anders, deputy director for finance at New York City's Office of Management and Budget, chats with The Bond Buyer's Paul Burton and John Hallacy about New York City's budgeting process, its bond financing program and where the city stands with investors and rating agencies.

The Institute for Supply Management revised its December index to 56.6, it announced Tuesday.

Service sector activity "strengthened in January," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Existing home sales fall 2.8% to a seasonally adjusted 5.49 million-unit rate in December from an upwardly revised 5.65 million sales pace the previous month, the National Association of Realtors announced Tuesday.

Manufacturing activity in the central Atlantic region "strengthened in January, with continued growth in new shipments and the volume of new orders," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index rose to 12 in January from 8 in December.

Municipal bond traders on Tuesday are ready to face the week's $6.8 billion new issue slate, which consists of $4.7 billion of negotiated deals and $2.2 billion of competitive sales.

The region's non-manufacturing sector "expanded at a faster pace in January compared with December," as the general business conditions index soared to 37.7 from 19.5 in December, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

Jan. 24, 2017 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA-/NR 0.95 1.78 2.53 3.29 AZ Arkansas Aa1/AA/NR 0.93 1.74 2.46 3.21 AR Colorado Aa1/AA/NR 0.93 1.77 2.52 3.28 CO Kansas Aa2/AA/NR 0.93 1.78 2.55 3.3 KS New Mexico Aa1/AA/NR 0.92 1.71 2.43 3.18 NM Oklahoma Aa2/AA+/AA+ 0.94 1.82 2.55 3.3 OK Texas Aaa/AAA/AAA 0.92 1.76 2.54 3.29 TX Utah Aaa/AAA/AAA 0.9 1.66 2.33 3.06 UT

1/23/2017 1/16/2017 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $186,653 2 $183,915 $2,738 Arkansas 1 5,950 0 0 5,950 Colorado 6 339,555 5 543,680 -204,125 Kansas 6 115,660 7 185,660 -70,000 New Mexico 2 107,935 1 10,220 97,715 Oklahoma 7 147,130 4 142,050 5,080 Texas 45 1,621,086 60 2,703,075 -1,081,989 Utah 1 33,000 0 0 33,000

Week Of January 23 Issuer St Description Amount

Week Of January 23 Issuer St Description Amount

Tuesday, January 24 Issuer St Description Amount

Tuesday, January 24 Issuer St Description Amount

ILLINOIS

ILLINOIS