News and Information from Bond Buyer

Rating agencies offered modestly positive comments on Chicago's proposal to save its laborers' pension fund from insolvency.

Top-rated municipal bonds finished steady to weaker in quiet activity on Thursday, traders said, as the primary market wound down in the last full trading session of the week. The U.S. bond markets will close early on Friday ahead of Memorial Day. Markets will remain closed on Monday before trading resumes on Tuesday.

Dealer groups are asking the Municipal Securities Rulemaking Board for more flexibility with exceptions to its rule preventing dealers from buying or selling bonds below issuers’ prescribed minimum denominations.

Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.

A key Puerto Rico leader, David Bernier, said he would sue to block a federal control board over Puerto Rico.

The San Diego County Water Authority’s senior lien credit rating was upgraded to AAA by S&P Global Ratings.

Water infrastructure bill adopted by House panel does not include drinking water provisions found in Senate committee’s plan.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

The Treasury Department auctioned $28 billion of seven-year notes, with a 1 5/8% coupon and a 1.652% high yield, a price of 99.822210.

President Obama is threatening to veto legislation approved by the House that would effectively block the District of Columbia from achieving budget autonomy and home rule.

Top-rated municipal bonds were steady to weaker at mid-session, traders said, as the primary market was slowly winding down as the long Memorial Day holiday weekend loomed.

The Treasury Department said Thursday it will auction $31 billion 91-day bills and $26 billion 183-day discount bills Tuesday.

The Treasury Department said Thursday it will sell $40 billion of four-week discount bills Tuesday.

Political discord among Illinois lawmakers and leaders deepened after House Democrats bypassed ongoing bipartisan budget discussions to push through a fiscal 2017 spending plan that Gov. Bruce Rauner said he would veto.

The municipal bond market was winding down on Thursday, with the last larger sales of the week slated to come market as traders were preparing for the upcoming Memorial Day holiday weekend.

May. 26, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.58 1.11 1.75 2.58 Florida Aa1/AAA/AAA 0.59 1.11 1.75 2.57 Georgia Aaa/AAA/AAA 0.56 1.05 1.65 2.44 Kentucky Aa2/A+/AA+ 0.6 1.19 1.85 2.67 Louisiana Aa3/AA/AA 0.74 1.46 2.18 3 Mississippi Aa2/AA/AA+ 0.58 1.15 1.88 2.7 North Carolina Aaa/AAA/AAA 0.56 1.04 1.64 2.43 South Carolina Aaa/AA+/AAA 0.56 1.06 1.69 2.48 Tennessee Aaa/AA+/AAA 0.56 1.06 1.68 2.45 Virginia Aaa/AAA/AAA 0.55 1.04 1.64 2.43 West Virginia Aa1/AA+/AA+ 0.59 1.17 1.81 2.62

5/25/2016 5/18/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $4,410 2 $3,635 775 Florida 3 542,835 4 482,880 59,955 Georgia 4 1,350,000 6 1,794,360 -444,360 Kentucky 12 137,490 9 98,210 39,280 Louisiana 2 32,000 1 20,000 12,000 Mississippi 0 0 1 50,040 -50,040 North Carolina 3 139,050 2 57,190 81,860 South Carolina 0 0 2 102,000 -102,000 Tennessee 1 9,220 2 51,300 -42,080 Virginia 5 185,970 8 646,000 -460,030 West Virginia 0 0 0 0 0

Thursday, May 26 Issuer St Description Amount

Thursday, May 26 Issuer St Description Amount

Week Of May 23 Issuer St Description Amount