News and Information from Bond Buyer

Munis remained steady as a flurry of action on Tuesday gave the market a kick start, according to traders.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 3/4% coupon at a 0.850% high yield, a price of 99.704412.

MBIA Inc. reported a loss in the second quarter as near record low interest rates made it harder to sell municipal bond insurance and the company focused on managing its exposure in Puerto Rico.

A proposal to mandate higher payments for New Jersey's underfunded pension system is dead for 2016.

Washington's Puerto Rico rescue legislation makes its biggest break from municipal finance tradition in a section dealing with collective action, public finance lawyers said.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.270% high yield, a price of 99.979000.

Indicator Last Report Forecast Actual Productivity Q1: -0.6% Q2: +0.5% Q2: -0.5% Unit Labor Costs Q1: -0.2% Q2: +1.8% Q2: +2.0% Wholesale Inventories May: +0.2% June: unch June: +0.3% Wholesale Sales May: +1.0% June: +0.4% June: +1.9%

The muni market is prepared and eagerly awaiting the week's issuance to start hitting screens, as it is expected to be a busy day with the largest deal of the week pricing along with a handful of other notable deals.

Chicago Public Schools unveiled a $5.4 billion budget that district officials call “balanced” though it relies on concessions the teachers’ union hasn’t accepted and the state making good on pledged pension help.

Small business optimism was nearly flat in July, with the index of small business optimism creeping to 94.6 from 94.5 in June, according to the National Federation of Independent Business.

A majority of the 10 U.S. states with the most tax-supported debt outstanding have only a limited capacity to withstand the effects of a moderate recession, according to a report from S&P Global Ratings.

In a revealing chat with Bond Buyer northeast regional editor Paul Burton, markets reporters Chip Barnett and Aaron Weitzman analyze first-half issuance, green bonds, muni bond fund inflows, foreign investors, the possible return of Build America Bonds and the benefits of effective oversight.

Tuesday, August 9 Issuer St Description Amount

Tuesday, August 9 Issuer St Description Amount

Week Of August 8 Issuer St Description Amount

Week Of August 8 Issuer St Description Amount

Aug. 9, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.51 0.99 1.66 2.41 Arkansas Aa1/AA/NR 0.47 0.91 1.53 2.26 Colorado Aa1/AA/NR 0.48 0.97 1.62 2.37 Kansas Aa2/AA/NR 0.48 0.96 1.62 2.35 New Mexico Aaa/AA+/NR 0.48 0.91 1.54 2.29 Oklahoma Aa2/AA+/AA+ 0.48 0.97 1.64 2.39 Texas Aaa/AAA/AAA 0.5 0.97 1.6 2.38 Utah Aaa/AAA/AAA 0.46 0.86 1.44 2.17

KANSAS

NEBRASKA

8/8/2016 8/1/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $21,095 3 $226,710 -$205,615 Arkansas 3 19,385 6 31,650 -12,265 Colorado 4 31,255 3 36,215 -4,960 Kansas 15 470,935 11 143,520 327,415 New Mexico 2 8,630 5 46,825 -38,195 Oklahoma 1 22,000 2 150,700 -128,700 Texas 30 928,135 55 2,977,475 -2,049,340 Utah 3 194,130 0 0 194,130