News and Information from Bond Buyer

The Federal Transit Administration will award $22.5 million of clean technology grants to seven transit agencies.

The Treasury Department auctioned $28 billion of seven-year notes, with a 1 5/8% coupon and a 1.634% high yield, a price of 99.940670.

Top-shelf municipal bonds remained stronger at mid-session, according to traders, as the last of the week’s new big issues were coming to market.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.190%, at a 0.190% spread, a price of 99.999997.

The Treasury Department said Thursday it will auction $28 billion 91-day bills and $24 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region “declined modestly” in April, according to the bank's monthly manufacturing survey, released Thursday.

Indicator Last Report Forecast Actual GDP Q4: +1.4% Q1: +0.7% Q1: +0.5% Final Sales Q4: +1.6% Q1: +0.8% Q1: +0.9% Initial Claims 4/16: 248,000 4/23: 260,000 4/23: 257,000 Continuing Claims 4/9: 2.135M 4/16: 2.137M 4/16: 2.130M

Top-shelf municipal bonds were stronger in early activity, according to traders, as the last of the week’s big new issues were set to come to market.

San Bernardino is on track to exit bankruptcy by the end of the year, City Attorney Gary Saenz said.

Apr. 28, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.58 1.06 1.76 2.76 Florida Aa1/AAA/AAA 0.6 1.08 1.77 2.75 Georgia Aaa/AAA/AAA 0.56 1 1.66 2.62 Kentucky Aa2/A+/AA+ 0.6 1.14 1.86 2.85 Louisiana Aa3/AA/AA 0.74 1.4 2.24 3.18 Mississippi Aa2/AA/AA+ 0.58 1.1 1.89 2.88 North Carolina Aaa/AAA/AAA 0.56 0.99 1.65 2.61 South Carolina Aaa/AA+/AAA 0.56 1.04 1.7 2.66 Tennessee Aaa/AA+/AAA 0.56 1.02 1.69 2.63 Virginia Aaa/AAA/AAA 0.55 0.99 1.65 2.61 West Virginia Aa1/AA+/AA+ 0.59 1.11 1.82 2.8

4/27/2016 4/20/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $20,720 4 $227,490 -206,770 Florida 3 435,685 5 903,860 -468,175 Georgia 10 1,641,530 9 1,436,385 205,145 Kentucky 8 203,140 4 113,935 89,205 Louisiana 0 0 4 392,020 -392,020 Mississippi 0 0 0 0 0 North Carolina 1 54,320 4 84,095 -29,775 South Carolina 1 8,480 1 125,000 -116,520 Tennessee 4 28,710 2 15,325 13,385 Virginia 4 402,790 7 505,640 -102,850 West Virginia 0 0 0 0 0

Thursday, April 28 Issuer St Description Amount

Thursday, April 28 Issuer St Description Amount

Week Of April 25 Issuer St Description Amount

ALABAMA

ARKANSAS

Government

Sewon Kim has joined Siebert Brandford Shank as head of its Transportation Banking Group, the firm announced on Wednesday. Kim, a 16-year industry veteran, will be based in the firm’s New York City headquarters on Wall Street.

Spread fallout from Chicago’s latest pension and rating setbacks hasn’t trickled down to other local governments the way Chicago’s plunge to junk did last spring, Markit says in a new report.