News and Information from Bond Buyer

Massachusetts should protect and boost its reserves to preserve its bond ratings, state Treasurer Deborah Goldberg told lawmakers in Boston.

Top-rated municipal bonds were substantially stronger at mid-session, according to traders, with yields on some longer maturities falling by as much as nine basis points.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.340% high yield, a price of 99.973556.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 0.830% high yield, a price of 99.160778.

Among the more influential swing states, Trump claimed Pennsylvania, Michigan, Ohio, and Florida – all states with low Geo Scores, which rate economic health on a scale of 1 to 10.

Indicator Last Report Forecast Actual International Trade Sept.: -$36.2B Oct.: -$41.7B Oct.: -$42.6B Productivity Q2: -0.2% Q3: +3.3% Q3: +3.1% Unit Labor Costs Q2: +6.2% Q3: +0.2% Q3: +0.7% Factory Orders Sept.: +0.6% Oct.: +2.5% Oct.: +2.7%

Top-rated municipal bonds were stronger in early activity, according to traders with yields on some maturities fall by as much as five basis points.

In a Bond Buyer roundtable, Northeast regional editor Paul Burton and markets reporters Chip Barnett and Aaron Weitzman explain how the muni market is a microcosm for a crazy year. They discuss issuance, yields, red-flag states, New York City’s finance.

Dec. 6, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA-/NR 0.99 2.07 2.79 3.6 Arkansas Aa1/AA/NR 0.98 2.01 2.68 3.49 Colorado Aa1/AA/NR 0.97 2.04 2.74 3.56 Kansas Aa2/AA/NR 0.97 2.03 2.76 3.58 New Mexico Aa1/AA/NR 0.96 1.96 2.64 3.46 Oklahoma Aa2/AA+/AA+ 0.98 2.07 2.76 3.58 Texas Aaa/AAA/AAA 1 2.09 2.79 3.62 Utah Aaa/AAA/AAA 0.94 1.91 2.54 3.34

12/5/2016 11/28/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $488,145 0 $0 $488,145 Arkansas 5 37,550 3 14,145 23,405 Colorado 13 444,295 8 696,065 -251,770 Kansas 14 123,143 7 269,805 -146,662 New Mexico 1 115,000 1 38,965 76,035 Oklahoma 8 26,245 6 7,840 18,405 Texas 47 623,750 55 1,596,910 -973,160 Utah 4 73,135 1 55,620 17,515

Tuesday, December 6 Issuer St Description Amount

Tuesday, December 6 Issuer St Description Amount

Week Of December 5 Issuer St Description Amount

Week Of December 5 Issuer St Description Amount

FLORIDA

ARIZONA

The Financial Industry Regulatory Authority has ordered UBS to pay two Puerto Rican residents $18.4 million in damages, interest, and other fees over the residents’ investments in closed-end mutual funds concentrated in Puerto Rico bonds.

The Virgin Islands Public Finance Authority posted a preliminary official statement for $219 million in bonds on MuniOS.

Puerto Rico Governor-Elect Ricardo Rosselló this weekend declined the governor’s offer to work on a fiscal plan for the oversight board.

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