News and Information from Bond Buyer

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.284% high yield, a price of 99.781232.

Changes to tax laws, interest rates, inflation, and volume are likely to drive the market in 2017, according to municipal experts.

San Bernardino, Calif. City Manager Mark Scott believes the city’s Chapter 9 bankruptcy workout, combined with voter approval of a new city charter, poises the city for a comeback.

The Treasury Department said it will auction $20 billion year bills on Jan. 3.

The Treasury Department said Thursday it will sell $45 billion of four-week discount bills Tuesday.

The Treasury Department said Thursday it will auction $34 billion 91-day bills and $28 billion 182-day discount bills Tuesday.

Finding more revenue for transportation infrastructure will be elusive but obtainable in 2017.

President-elect Trump's $1 trillion, 10-year infrastructure plan has the potential to reshape funding for roads, transit and bridges.

Top-quality municipal bonds were stronger in early activity, according to traders who were preparing for another quiet day.

Indicator Last Report Forecast Actual Initial Claims 12/17: 275,000 12/24: 265,000 12/24: 265,000 Continuing Claims 12/10: 2.039M 12/17: 2.035M 12/17: 2.102M

Week Of January 3 Issuer St Description Amount

Dec. 29, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 1 1.87 2.49 3.23 Florida Aa1/AAA/AAA 0.99 1.9 2.54 3.27 Georgia Aaa/AAA/AAA 0.97 1.81 2.39 3.11 Kentucky Aa2/A+/AA- 1.02 1.97 2.61 3.35 Louisiana Aa3/AA/AA 1.06 2.19 2.94 3.69 Mississippi Aa2/AA/AA 1 1.91 2.57 3.33 North Carolina Aaa/AAA/AAA 0.97 1.81 2.38 3.1 South Carolina Aaa/AA+/AAA 0.97 1.82 2.43 3.14 Tennessee Aaa/AA+/AAA 0.97 1.82 2.4 3.11 Virginia Aaa/AAA/AAA 0.96 1.8 2.37 3.09 West Virginia Aa1/AA-/AA 1 1.91 2.58 3.31

12/28/2016 12/21/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 6 $137,055 6 $137,055 0 Florida 6 395,245 5 321,260 73,985 Georgia 1 33,860 1 33,860 0 Kentucky 1 43,965 1 43,965 0 Louisiana 1 42,235 1 42,235 0 Mississippi 1 223,630 1 223,630 0 North Carolina 1 25,000 1 25,000 0 South Carolina 1 18,220 1 18,220 0 Tennessee 0 0 0 0 0 Virginia 0 0 0 0 0 West Virginia 0 0 0 0 0

Tuesday, January 3 Issuer St Description Amount

Thursday, December 29 Issuer St Description Amount

ARKANSAS

Week Of January 3 Issuer St Description Amount

Shutting down the operations could put the GDB's payment of $3.8 billion of debt into question and hurt the finances of Puerto Rico's municipalities.

Government

Top-shelf municipal bonds ended stronger on Wednesday, according to traders, who foresee the week closing out on a quiet note. Traders expect prices to remain nearly unchanged and supply almost non-existent for the rest of the year.