News and Information from Bond Buyer

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, Jan. 28.

The Treasury Department said Thursday it will auction $34 billion 91-day bills and $28 billion 182-day discount bills Monday.

The Allentown, Pa., City Council voted no confidence against Mayor Ed Pawlowski, who says he won't resign as an FBI corruption probe hovers over City Hall.

Indicator Last Report Forecast Actual Initial Jobless Claims 1/9: 283,000 1/16: 279,000 1/16: 293,000 Continuing Claims 1/2: 2.264M 1/9: 2.245M 1/9: 2.208M Philly Fed Manufacturing Dec.: -10.2 Jan.: -5.0 Jan.: -3.5

The municipal bond market was set for the last of the week's large deals to price on Thursday as traders keep an eye on geopolitical and economic events.

The region's manufacturing sector contracted in January, as the general business conditions index climbed to negative 3.5 from negative 10.2 in December, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

Thursday, January 21 Issuer St Description Amount

Thursday, January 21 Issuer St Description Amount

Week Of January 25 Issuer St Description Amount

Week Of January 19 Issuer St Description Amount

ALASKA

ALABAMA

Jan. 21, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.5 1.13 1.84 2.8 Florida Aa1/AAA/AAA 0.52 1.16 1.9 2.82 Georgia Aaa/AAA/AAA 0.48 1.07 1.75 2.69 Kentucky Aa2/A+/AA+ 0.52 1.21 1.95 2.92 Louisiana Aa2/AA/AA 0.56 1.27 2.09 3.07 Mississippi Aa2/AA/AA+ 0.53 1.23 2 2.95 North Carolina Aaa/AAA/AAA 0.48 1.07 1.75 2.7 South Carolina Aaa/AA+/AAA 0.48 1.09 1.78 2.73 Tennessee Aaa/AA+/AAA 0.48 1.07 1.78 2.7 Virginia Aaa/AAA/AAA 0.47 1.06 1.74 2.68 West Virginia Aa1/AA/AA+ 0.5 1.17 1.92 2.88

1/20/2016 1/13/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $24,845 0 $0 24,845 Florida 4 304,675 3 344,740 -40,065 Georgia 3 209,415 0 0 209,415 Kentucky 11 282,750 10 265,190 17,560 Louisiana 2 15,000 3 70,250 -55,250 Mississippi 3 91,430 1 4,905 86,525 North Carolina 1 6,900 1 25,000 -18,100 South Carolina 1 8,615 5 124,095 -115,480 Tennessee 1 11,040 1 3,460 7,580 Virginia 3 636,465 2 363,460 273,005 West Virginia 0 0 1 21,000 -21,000

Government

Puerto Rico Gov. Alejandro García Padilla implied that if the U.S. government took control of Puerto Rico's government, the U.S. government would be responsible for paying the island's debt.

A House committee panel hearing next week on the need for a federal financial oversight authority in Puerto Rico could pave the way for a legislative package to address the territory's problems by the end of March, according to congressional aides and lobbyists.

Top-rated municipal bonds ended stronger on Wednesday, according to traders, as yields on some maturities fell by as much as four basis points. U.S. Treasuries surged and equities plunged as oil prices fell to 12-year lows.

The Internal Revenue Service appears is stepping up its audit of $80 million of Arborwood Community Development District's 2006 bonds and appears to be focusing in part on the Florida CDD's board and land that may have been purchased at too high of a price.