News and Information from Bond Buyer

The Treasury Department said it will auction $20 billion year bills on Dec. 6.

Voters’ approval of the Los Angeles Metropolitan Transportation Authority’s latest sales tax measure has spurred interest from private industry in partnering with the transit authority.

Indicator Last Report Forecast Actual Initial Claims 11/19: 251,000 11/26: 253,000 11/26: 268,000 Continuing Claims 11/12: 2.043M 11/19: 2.040M 11/19: 2.081M Construction Spending Sept.: unch Oct.: +0.5% Oct.: +0.5% ISM Manufacturing PMI Oct.: 51.9 Nov.: 52.2 Nov.: 53.2

The overall economy grew for the ninetieth straight time, while the manufacturing sector expanded for the third consecutive month, the Institute for Supply Management reported Thursday.

Municipal bond traders will be eyeing rising yields on Thursday as they prepare for the last of the week's large deals to hit the screens.

In the latest capital markets hit to Connecticut, S&P Global Ratings revised its outlook on the state to negative from stable.

Thursday, December 1 Issuer St Description Amount

Thursday, December 1 Issuer St Description Amount

Day to Day Issuer St Description Amount

Week Of November 28 Issuer St Description Amount

ARKANSAS

ARKANSAS

Dec. 1, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.93 1.91 2.58 3.3 Florida Aa1/AAA/AAA 0.92 1.95 2.62 3.36 Georgia Aaa/AAA/AAA 0.89 1.81 2.47 3.16 Kentucky Aa2/A+/AA- 0.94 1.96 2.67 3.4 Louisiana Aa3/AA/AA 0.98 2.15 3 3.76 Mississippi Aa2/AA/AA 0.93 1.95 2.7 3.42 North Carolina Aaa/AAA/AAA 0.89 1.8 2.44 3.15 South Carolina Aaa/AA+/AAA 0.89 1.81 2.49 3.19 Tennessee Aaa/AA+/AAA 0.89 1.81 2.47 3.16 Virginia Aaa/AAA/AAA 0.88 1.79 2.44 3.14 West Virginia Aa1/AA-/AA 0.92 1.9 2.61 3.33

11/30/2016 11/23/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 9 $879,220 8 $843,070 36,150 Florida 8 443,670 10 702,125 -258,455 Georgia 0 0 0 0 0 Kentucky 7 200,305 2 62,090 138,215 Louisiana 1 3,600 1 3,600 0 Mississippi 3 312,130 2 230,630 81,500 North Carolina 2 33,800 2 33,800 0 South Carolina 3 38,630 5 66,675 -28,045 Tennessee 1 7,825 1 7,825 0 Virginia 0 0 0 0 0 West Virginia 2 115,460 2 115,460 0

Industry experts see federal transportation policy shifting toward more private investments in public projects.

Two Democrats who have some experience with municipal bonds, one much more so than the other, are vying to replace Rep. Sander Levin, D-Mich., as ranking minority member of the powerful House Ways and Means Committee that will play a key role in tax reform efforts.

The Chicago City Council signed on a new special use tax-increment financing district designed to help leverage $1.1 billion in federal funding for Chicago Transit Authority rail transit improvements.

Government

The Michigan Senate advanced a series of bills designed to offer financial aid to “transformational” development projects.

Top-shelf municipal bonds finished substantially weaker for longer maturities on Wednesday, according to traders, who saw several big deals hit the screens, led by Chicago’s $1 billion O’Hare Airport offering.