News and Information from Bond Buyer

The data affirms that employment in Texas, Oklahoma, Louisiana, North Dakota and Wyoming has been suffering since January, 2015.

Three of Illinois' public universities were downgraded, one to junk, as impacts from the state's almost eight-month overdue budget continue to ripple.

The Treasury Department announced Thursday that it will sell its $28 billion seven year notes on Friday instead of Thursday due to a technical issue.

Top quality municipal bonds were steady at mid-session, traders said, with yields on all maturities unchanged in secondary activity.

Defining a single monetary policy rule for the Federal Reserve to follow is ill-advised, Federal Reserve Bank of San Francisco President and CEO John C. Williams said Thursday.

The Treasury Department said it will auction $20 billion year bills on March 1.

The Treasury Department said Thursday it will auction $37 billion 91-day bills and $30 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "declined further" in February, according to the bank's monthly manufacturing survey, released Thursday.

Indicator Last Report Forecast Actual Durable Goods Dec.: -4.6% Jan.: +2.9% Jan.: +4.9% ex-Trans Dec.: -0.7% Jan.: +0.2% Jan.: +1.8% Initial Jobless Claims 2/13: 262,000 2/20: 270,000 2/20: 272,000 Continuing Claims 2/6: 2.272M 2/13: 2.257M 2/13: 2.253M

Post-recession yield ratios should continue to favor munis for the foreseeable future, investment strategists say.

The primary market on Thursday will see the last push of major new issuance for the week, as issuers from Arizona, New York and Texas will be hitting the market.

New York's MTA delayed holding a vote on a pre-agreement for a 99-year lease of its former midtown Manhattan headquarters to Mort Zuckerman's Boston Properties.

With inflation expectations falling, it would be "unwise" to keep raising the fed funds rate target, Federal Reserve Bank of St. Louis President James Bullard said Wednesday night.

Feb. 25, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.4 0.94 1.78 2.88 Florida Aa1/AAA/AAA 0.38 0.94 1.85 2.9 Georgia Aaa/AAA/AAA 0.38 0.89 1.71 2.77 Kentucky Aa2/A+/AA+ 0.42 1.03 1.91 3 Louisiana Aa2/AA/AA 0.45 1.14 2.11 3.2 Mississippi Aa2/AA/AA+ 0.4 0.99 1.94 3.03 North Carolina Aaa/AAA/AAA 0.38 0.89 1.71 2.78 South Carolina Aaa/AA+/AAA 0.38 0.92 1.76 2.81 Tennessee Aaa/AA+/AAA 0.38 0.9 1.74 2.78 Virginia Aaa/AAA/AAA 0.37 0.88 1.7 2.76 West Virginia Aa1/AA/AA+ 0.39 0.96 1.83 2.92

2/24/2016 2/17/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 3 $167,190 3 $682,125 -514,935 Florida 5 465,605 4 643,985 -178,380 Georgia 1 16,870 2 26,800 -9,930 Kentucky 14 252,210 7 85,910 166,300 Louisiana 2 16,500 3 33,200 -16,700 Mississippi 1 7,500 1 6,675 825 North Carolina 3 353,630 5 522,645 -169,015 South Carolina 1 38,000 1 108,970 -70,970 Tennessee 4 77,450 5 72,385 5,065 Virginia 6 669,470 4 367,370 302,100 West Virginia 0 0 0 0 0

Thursday, February 25 Issuer St Description Amount

Thursday, February 25 Issuer St Description Amount

Week Of February 22 Issuer St Description Amount

ALABAMA

ALABAMA