News and Information from Bond Buyer

Municipal bonds remained stronger at mid-session, traders said, as the shaky economic situation in China once again caused volatility in U.S. markets.

The chair of California’s Assembly Committee on Transportation unveiled legislation he said would provide revenue to meet the state’s serious transportation needs.

A United States government argument in a criminal case being heard by the U.S. Supreme Court may backfire, leaving the U.S. responsible for paying Puerto Rico’s debt, a prominent Puerto Rico Senator said.

A hedging strategy that minimizes interest rate and duration risk by using short positions, primarily in U.S. Treasury futures contracts, is a discipline that James C. Robinson, CEO of Robinson Capital Management LLC, believes sets his firm apart from other investment advisors.

The Treasury Department said it will auction $13 billion 29-year, 10-month 3/4% bonds on Jan. 14.

The Treasury Department said it will auction $21 billion 9-year 10-month 2 1/4% notes on Jan. 13.

The Treasury Department said it will auction $24 billion three-year notes on Jan. 12.

The Treasury Department said Thursday it will auction $28 billion 91-day bills and $26 billion 182-day discount bills Monday.

In the latest twist to Pennsylvania's budget crisis, state Treasurer Timothy Reese extended a $2 billion line of credit to the commonwealth to prop up its its general fund balance.

Municipal bonds were stronger in early activity, traders said, as the shaky economic situation in China once again severely depressed U.S. stock prices and pushed Treasuries higher.

Chicago will offer its long planned $500 million general obligation refunding next week with plans for another $3.6 billion of new money, refunding, and restructuring GO and revenue-backed borrowing in its 2016 pipeline.

Jan. 7, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.52 1.25 1.94 2.87 Florida Aa1/AAA/AAA 0.54 1.28 1.99 2.89 Georgia Aaa/AAA/AAA 0.5 1.19 1.85 2.76 Kentucky Aa2/AA+/AA+ 0.54 1.33 2.05 2.99 Louisiana Aa2/AA/AA 0.58 1.37 2.19 3.14 Mississippi Aa2/AA/AA+ 0.55 1.35 2.1 3.02 North Carolina Aaa/AAA/AAA 0.5 1.19 1.85 2.77 South Carolina Aaa/AA+/AAA 0.5 1.21 1.88 2.8 Tennessee Aaa/AA+/AAA 0.5 1.21 1.87 2.77 Virginia Aaa/AAA/AAA 0.49 1.18 1.84 2.75 West Virginia Aa1/AA/AA+ 0.52 1.25 1.98 2.92

1/6/2016 12/30/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 0 Florida 9 763,995 5 625,130 138,865 Georgia 1 7,450 1 7,450 0 Kentucky 5 45,325 0 0 45,325 Louisiana 1 66,875 1 66,875 0 Mississippi 0 0 0 0 0 North Carolina 3 147,005 1 6,900 140,105 South Carolina 7 527,905 2 38,710 489,195 Tennessee 1 5,185 1 5,185 0 Virginia 1 330,125 0 0 330,125 West Virginia 0 0 0 0 0

Thursday, January 7 Issuer St Description Amount

Thursday, January 7 Issuer St Description Amount

Week Of January 4 Issuer St Description Amount

MICHIGAN

ARKANSAS

The San Diego Association of Governments is holding public hearings to gauge public sentiment on a half-cent sales tax for transportation.

Gov. Andrew Cuomo revived long-delayed plans to overhaul New York’s Pennsylvania Station, saying “big problems require big solutions.”