News and Information from Bond Buyer

Manufacturing activity in the central Atlantic region "grew mildly in January," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dipped to 2 in January from 6 in December.

The consumer confidence index grew to 98.1 in January from a revised 96.3 last month, The Conference Board reported Tuesday.

The municipal bond market is set for the start of the week's $5.42 billion new issue slate, which will be led off on Tuesday by the competitive sale from a Virginia issuer and a negotiated deal out of a New York City suburb.

Better transparency, among other benefits, drives New York Metropolitan Transportation Authority’s aggressive bond anticipation note strategy, said one official.

The region's non-manufacturing sector dropped in January, as the general business conditions index plunged to 5.1 from 26.7 in December, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

State Sen, Scott Frantz, R-Greenwich, analyses Connecticut’s budget, business climate, debt and pension-liability levels with Bond Buyer senior Northeast reporter Paul Burton.

Jan. 26, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.5 1.18 1.97 3 Arkansas Aa1/AA/NR 0.47 1.12 1.84 2.85 Colorado Aa1/AA/NR 0.47 1.16 1.93 2.98 Kansas Aa2/AA/NR 0.45 1.16 1.93 2.94 New Mexico Aaa/AA+/NR 0.45 1.1 1.84 2.88 Oklahoma Aa2/AA+/AA+ 0.49 1.18 1.95 2.98 Texas Aaa/AAA/AAA 0.47 1.13 1.89 2.94 Utah Aaa/AAA/AAA 0.45 1.04 1.74 2.76

1/25/2016 1/18/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $20,990 2 14,990 $6,000 Arkansas 1 22,995 3 16,650 6,345 Colorado 2 39,605 2 38,390 1,215 Kansas 7 111,820 7 111,450 370 New Mexico 4 88,710 4 117,270 -28,560 Oklahoma 7 7,480 4 7,890 -410 Texas 31 1,030,388 33 1,144,788 -114,400 Utah 1 10,755 0 0 10,755

Tuesday, January 26 Issuer St Description Amount

Tuesday, January 26 Issuer St Description Amount

Week Of January 25 Issuer St Description Amount

Week Of January 25 Issuer St Description Amount

ILLINOIS

CALIFORNIA

Government

New Jersey State Sen. Jeff Van Drew is urging Gov. Chris Christie to seek federal government assistance for two South Jersey counties hit with extreme flooding from a weekend blizzard.

Municipals finished stronger on Monday, according to traders, with yields on some top-quality maturities falling by as much as one basis point. The market is looking at a $5.42 billion new issue calendar, which consists of $3.82 billion of negotiated deals and $1.60 billion of competitive sales.

Two of the top broker-dealer and financial advisory firms in the Southwest officially combined under the management of Hilltop Holdings on Monday.

The termination of a Puerto Rico Electric Power Authority restructuring agreement Friday night raised the risk of creditor suits and blackouts, participants said.

The Los Angeles Department of Water and Power may see significant changes under a ballot measure proposal introduced by a city council member.