News and Information from Bond Buyer

The San Francisco Bay Area Restoration Authority will ask voters to impose a new parcel tax in that could be used as a means to back bonds.

Municipals are benefitting from an asset reallocation after international and domestic volatility spooked investors in the weeks leading up to 2016.

New Jersey’s proposed casino expansion into the northern part of the state is a potential credit negative for Atlantic City, according to Moody’s Investors Service.

The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 3% coupon at a 2.905% high yield, a price of 101.8821645.

Top-quality municipal bonds were unchanged at mid-session, traders said, as Bank of America Merrill Lynch won the competitive bidding for the Illinois general obligation bonds.

Gov. Andrew Cuomo’s call for New York City to pay much more toward the City University of New York system and Medicaid is a financial gut punch.

Kansas Gov. Sam Brownback plans to cut $25 million in highway spending and enact other cuts as revenue continues to fall.

Long Beach, Calif. is using a public-private financing method rarely seen outside the transportation sector in the U.S. to build a new city hall, port headquarters, library and park.

The Treasury Department said it will auction $15 billion 10-year inflation-protected notes on Jan. 21.

The Treasury Department said Thursday it will auction $31 billion 91-day bills and $26 billion 182-day discount bills Tuesday.

Indicator Last Report Forecast Actual Import Prices Nov.: -0.5% Dec.: -1.4% Dec.: -1.2% Export Prices Nov.: -0.7% Dec.: -0.6% Dec.: -1.1% Initial Claims 1/2: 277,000 1/9: 275,000 1/9: 284,000 Continuing Claims 12/26: 2.234M 1/2: 2.218M 1/2: 2.263M

Municipal bond traders were looking ahead to Thursday's competitive sale of almost $500 million state of Illinois general obligation bonds.

Oil prices will have to stabilize before inflation will grow to 2%, but with oil prices continuing to fall, reaching the Federal Open Market Committee's 2% target may take longer than expected, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

The Philadelphia Report on Business general business conditions index was revised down in December to negative 10.2 from the originally reported negative 5.9, the Bank announced Thursday.

Thursday, January 14 Issuer St Description Amount

Thursday, January 14 Issuer St Description Amount

Week Of January 11 Issuer St Description Amount

ARKANSAS

ARKANSAS

Jan. 14, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.52 1.15 1.87 2.83 Florida Aa1/AAA/AAA 0.54 1.18 1.93 2.85 Georgia Aaa/AAA/AAA 0.5 1.09 1.78 2.72 Kentucky Aa2/A+/AA+ 0.54 1.23 1.98 2.95 Louisiana Aa2/AA/AA 0.58 1.27 2.12 3.1 Mississippi Aa2/AA/AA+ 0.55 1.25 2.03 2.98 North Carolina Aaa/AAA/AAA 0.5 1.09 1.78 2.73 South Carolina Aaa/AA+/AAA 0.5 1.11 1.81 2.76 Tennessee Aaa/AA+/AAA 0.5 1.09 1.81 2.73 Virginia Aaa/AAA/AAA 0.49 1.08 1.77 2.71 West Virginia Aa1/AA/AA+ 0.52 1.15 1.91 2.88