News and Information from Bond Buyer

The U.S. economy should continue to grow faster than its potential this year, supporting further interest-rate increases by the Federal Reserve, New York Fed President William C. Dudley said.

Industrial production declined 0.4% in December, the Federal Reserve reported Friday.

The Empire State Manufacturing Survey showed "business activity declined for New York manufacturers at the fastest pace since the Great Recession," the Federal Reserve Bank of New York reported Friday, as the general business conditions index dropped to negative 19.37 in January from negative 6.21 in December.

Jan. 15, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AA+/AAA 0.48 1.15 1.87 2.82 California Aa3/A/A 0.5 1.14 1.95 2.92 Hawaii Aa2/AA/AA 0.5 1.17 1.96 2.92 Idaho Aa1/AA+/AA+ 0.48 1.19 1.96 2.91 Montana Aa1/AA/AA+ 0.48 1.18 1.97 2.93 Nevada Aa2/AA/AA+ 0.52 1.2 2 2.97 Oregon Aa1/AA+/AA+ 0.48 1.14 1.85 2.81 Washington Aa1/AA+/AA+ 0.51 1.23 2 2.98 Wyoming NR/AAA/NR 0.48 1.17 1.88 2.82

1/14/2016 1/7/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 $38,335 0 $0 $38,335 California 8 705,015 8 939,660 -234,645 Hawaii 0 0 0 0 0 Idaho 0 0 1 15,000 -15,000 Montana 0 0 0 0 0 Nevada 0 0 2 102,360 -102,360 Oregon 1 6,135 0 0 6,135 Washington 4 1,203,090 7 1,384,955 -181,865 Wyoming 0 0 0 0 0

Friday, January 15 Issuer St Description Amount

Friday, January 15 Issuer St Description Amount

Friday, January 15 Issuer St Description Amount

ARKANSAS

ALABAMA

Government

Illinois paid higher yield penalties than it did before its budget fell into gridlock when it competitively priced a $480 million general obligation issue.

The Securities and Exchange Commission has charged State Street Bank and Trust Co., the former head of its public funds group, and a lawyer-lobbyist with securities fraud for making illicit payments and campaign contributions to obtain Ohio pension fund business worth millions.

In the week ended Jan. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell three basis points to 4.15% from 4.18% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Atlantic City’s casino operators lost 6.5% in revenue last year compared to 2014, according to figures New Jersey’s Division of Gaming Enforcement released on Jan. 13.

Georgia Gov. Nathan Deal’s 5% budget increase for fiscal 2017 allots more funds for transportation and $850 million in bonds for capital projects.

Mickey Wohl, a longtime municipal professional and pioneer in the fixed income capital markets, died on Jan. 3 after a long battle with cancer.

Indiana lawmakers are considering three competing proposals to provide additional funding for state transportation projects.

Top-quality municipal bonds finished weaker on Thursday, traders said, as Bank of America Merrill Lynch won the competitive bidding for Illinois’ $480 million of general obligation bonds. BAML won the state’s Series of January 2016 unlimited tax GOs with a true interest cost of 3.9989%.

A Securities and Exchange Commission proposal designed to bolster liquidity risk management among open-end funds would likely reduce the funds' appetite for municipal securities and deter infrastructure projects, the Government Finance Officers Association warned.