News and Information from Bond Buyer

The municipal bond market on Friday will be digesting the week's chunky new issue slate as traders' eyes turn toward next week's calendar.

Jan. 13, 2017 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 1.08 1.98 2.66 3.47 California Aa3/AA-/AA- 0.93 1.72 2.44 3.12 Hawaii Aa1/AA+/AA 0.96 1.72 2.37 3.12 Idaho Aa1/AA+/AA+ 0.93 1.73 2.37 3.11 Montana Aa1/AA/AA+ 0.93 1.72 2.38 3.13 Nevada Aa2/AA/AA+ 0.97 1.77 2.43 3.18 Oregon Aa1/AA+/AA+ 0.95 1.68 2.25 3 Washington Aa1/AA+/AA+ 0.97 1.73 2.38 3.14 Wyoming NR/AAA/NR 0.93 1.69 2.29 3.02

1/12/2017 1/5/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 36 1418815 36 1418815 0 Hawaii 0 0 0 0 0 Idaho 1 55780 1 55780 0 Montana 0 0 0 0 0 Nevada 1 4520 1 4520 0 Oregon 2 244880 2 244880 0 Washington 7 1090430 7 1090430 0 Wyoming 1 90000 1 90000 0

Tuesday, January 17 Issuer St Description Amount

Tuesday, January 17 Issuer St Description Amount

Tuesday, January 17 Issuer St Description Amount

Friday, January 13 Issuer St Description Amount

CALIFORNIA

ARIZONA

Government

Chicago’s fiscal position and Chicago Public Schools’ deep distress are the subject of two special reports published Thursday by Moody’s Investors Service.

In the week ended Jan.12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.20% from 4.25% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Facing a $900 million shortfall, Kansas Gov. Sam Brownback is proposing a combination of tax increases, cuts in transportation and pension funding and the sale of tobacco settlement securitization bonds.

In doing so, First Internet joins a growing list of banks that are either entering municipal finance or significantly raising their profile in the space.

Tax reform legislation should preserve the tax exemption for municipal bonds and reinstate Build America Bonds for infrastructure financing, Rep. Richard Neal, the top Democrat on the House Ways and Means Committee, told reporters Thursday.

New York State Comptroller Tom DiNapoli is calling for fiscal and procurement reforms after a new report released Thursday shows the state's public authorities have accumulated $267 billion in debt.

Most Nebraskans could see an income tax cut beginning in 2020 under a tax overhaul proposal Gov. Pete Ricketts announced Thursday.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the last of the week’s large sales hit the market, led by two big transportation deals from New York and New Jersey issuers.

A nearly $50 billion budget for Georgia in fiscal 2018 has been recommended by Gov. Nathan Deal, who is also requesting $1 billion of borrowing for state projects, education and transportation.

Public pension and municipal advisors are among the examination priorities for the Securities and Exchange Commission in 2017, the SEC’s Office of Compliance Inspections and Examinations announced Thursday.