News and Information from Bond Buyer

Corpus Christi has given water utility customers the go-ahead to use tap water after a toxic substance entered the water supply, leading to a four-day ban on consumption or bathing.

A new Colorado Municipal Bond Club for people working in the municipal bond industry will provide networking and an annual ski outing, founders said.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills Tuesday.

Municipal market participants who are working this week will not have a whole lot of new issuance with which to work. Top-shelf municipal bond yields were lower on Monday morning, as yields were as many as three basis points lower on some maturities, according to traders.

INDIANA

Tuesday, December 20 Issuer St Description Amount

Monday, December 19 Issuer St Description Amount

Week Of December 19 Issuer St Description Amount

Week Of December 19 Issuer St Description Amount

ALABAMA

Dec. 19, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 1.17 2.36 3.13 3.89 Delaware Aaa/AAA/AAA 0.97 1.86 2.48 3.2 Maine Aa2/AA/AA 0.99 1.95 2.62 3.35 Maryland Aaa/AAA/AAA 0.97 1.88 2.51 3.21 Massachusetts Aa1/AA+/AA+ 1 1.96 2.66 3.41 New Hampshire Aa1/AA/AA+ 1.01 1.97 2.6 3.33 New Jersey A2/A/A 1.32 2.56 3.36 4.11 New York Aa1/AA+/AA+ 0.99 1.89 2.57 3.4 Pennsylvania Aa3/AA-/AA- 1.07 2.32 3.16 3.86 Rhode Island Aa2/AA/AA 1.02 2.05 2.79 3.55 Vermont Aaa/AA+/AAA 0.97 1.87 2.5 3.22 Dist. of Columbia Aa1/AA/AA 1 2 2.67 3.42 Puerto Rico Caa3/CC/CC 45.97 15.51 11.28 8.26

12/16/2016 12/9/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 $0 2 $21,835 -$21,835 Delaware 1 39,940 1 39,940 0 Maine 0 0 1 2,100 -2,100 Maryland 3 75,361 3 75,361 0 Massachusetts 2 188,490 0 0 188,490 New Hampshire 0 0 0 0 0 New Jersey 2 25,120 4 45,010 -19,890 New York 8 1,460,775 10 1,297,540 163,235 Pennsylvania 9 246,985 13 486,895 -239,910 Rhode Island 1 40,000 2 50,600 -10,600 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Kroll Bond Rating Agency affirmed its insurance financial strength rating of AA+, with a stable outlook, for Assured Guaranty Municipal Corp., a financial guaranty subsidiary of Assured Guaranty Ltd.

Government

Municipal market participants will have very little to work with in terms of new issuance, with less than $500 million of new deals on the calendar for the second-to-last week of the year.

U.S. mayors and other municipal market participants are stepping up pressure on Congress to maintain the tax exemption on municipal bonds, after President-elect Donald Trump said he supports the tax break that they say is crucial for funding infrastructure projects.

The San Francisco Public Utilities Commission has issued $259 million of taxable water revenue bonds, certified as green bonds through the Climate Bond Initiative.

A new revenue forecast for Indiana says the state will collect about $300 million less in general fund revenues than had previously been anticipated next year, though the projection for the following two years is up $1 billion.

Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday he believes the Fed will need to raise interest rates more than the three times projected in the Summary of Economic Projections released Wednesday.

The Fed should reduce its balance sheet next year, Federal Reserve Bank of St. Louis President James Bullard said in an interview published Friday, and added that he now sees the need for one rate hike next year.