News and Information from Bond Buyer

The Presidential race is approaching the stage when it becomes appropriate to begin thinking about the potential for policy changes that would impact the municipal bond market.

Top shelf municipal bonds were steady to stronger at mid-session, traders said, as several large deals competitive deals were coming to market.

The Treasury Department Tuesday auctioned $60 billion of four-week bills at a 0.280% high yield, a price of 99.978222.

Increasing disclosure requirements for bond issuers is high on California Treasurer John Chiang’s list of priorities for the state legislature.

Indicator Last Report Forecast Actual Empire State Manufacturing Feb.: -16.64 March: -10.0 March: 0.62 PPI Jan.: +0.1% Feb.: -0.2% Feb.: -0.2% PPI Core Jan.: +0.4% Feb.: +0.1% Feb.: unch Retail Sales Jan.: -0.4% Feb.: -0.1% Feb.: -0.1% ex-Autos Jan.: -0.4% Feb.: -0.2% Feb.: -0.1% Business Inventories Dec.: unch Jan.: unch Jan.: +0.1% NAHB Housing Index Feb.: 58 March: 59 March: 58

Builders’ confidence in the market for new single-family homes was unchanged as the National Association of Home Builders' housing market index remained at 58 in March.

The municipal bond market is set to see more supply enter the market on Tuesday, ahead of two busier days later in the week despite a meeting of the Federal Reserve.

The Empire State Manufacturing Survey showed "business activity steadied for New York manufacturers," the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index improved to positive 0.62 in March from negative 16.64 in February.

S3, a financial services software company that provides customized platforms to monitor and analyze trade execution for equities and options, introduced a Fixed Income Execution Quality Suite to help bond traders comply with new best-execution standards.

Wells Fargo Securities senior analyst Randy Gerardes examines sports stadium financing, against the convoluted backdrop of NFL franchise relocation, with Bond Buyer Northeast regional editor Paul Burton.

Mar. 15, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.55 1.24 2.11 3.1 Arkansas Aa1/AA/NR 0.51 1.16 1.98 2.95 Colorado Aa1/AA/NR 0.52 1.22 2.07 3.08 Kansas Aa2/AA/NR 0.5 1.2 2.07 3.04 New Mexico Aaa/AA+/NR 0.5 1.15 1.98 2.98 Oklahoma Aa2/AA+/AA+ 0.52 1.22 2.09 3.08 Texas Aaa/AAA/AAA 0.52 1.22 2.04 3.03 Utah Aaa/AAA/AAA 0.5 1.11 1.89 2.86

3/14/2016 3/7/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $90,655 2 $18,330 $72,325 Arkansas 1 15,870 3 111,255 -95,385 Colorado 1 25,000 3 21,960 3,040 Kansas 3 88,475 4 41,605 46,870 New Mexico 2 62,790 2 16,335 46,455 Oklahoma 2 7,885 11 79,750 -71,865 Texas 41 1,365,880 38 1,154,534 211,346 Utah 1 87,225 0 0 87,225

Tuesday, March 15 Issuer St Description Amount

Tuesday, March 15 Issuer St Description Amount

Week Of March 14 Issuer St Description Amount

Week Of March 14 Issuer St Description Amount

ILLINOIS

COLORADO

Government

Puerto Rico’s employment weakened in January compared to December.