News and Information from Bond Buyer

The Great Lakes Water Authority officially opened its doors Jan. 1, ushering in a new era of regional water management under an entity that is now the caretaker of more than $5 billion in Detroit water and sewer bonds.

State Treasurer Seth Magaziner and revenue official Paul Dion will discuss tax credit programs before Rhode Island’s House Oversight Committee in its latest 38 Studios-related hearing.

Louisiana needs more robust sources of transportation revenues to restore its highway system, transition panel says.

Standard & Poor’s downgraded Alaska Tuesday, to AA-plus from AAA, citing persistent low oil prices that have reduced the state government’s revenues.

Standard & Poor's Ratings Services said it has lowered its rating on the Puerto Rico Infrastructure Financing Authority bonds secured by federal rum excise taxes to D from CC, following the authority's default on scheduled interest payments.

Standard & Poor's Ratings Services said it lowered its rating to AA-plus from AAA on Alaska's general obligation debt, and its ratings to AA from AA-plus on the state's appropriation-backed debt.

Kansas revenues fell $27 million below expectations for December, returning to a pattern of shortfalls after a one-month reprieve in November.

Municipal bonds were mostly stronger at mid-session, according to traders, as yields on some top-quality maturities were steady to as much as two basis points weaker.

The Treasury Department Tuesday auctioned $16 billion of 364-day bills at a 0.670% high yield, a price of 99.322556.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.200% high yield, a price of 99.984444.

Pennsylvania’s school districts, counties and human services organizations are in store to receive delayed payments the state Treasury completed sending out nearly $3.3 billion.

Most states will be able to issue more private-activity bonds in 2016.

The municipal bond market was gearing up to take on the week's new issue supply, which totals slightly over $3 billion.

New York City business activity "expanded at a solid rate," in December, as the current business conditions index grew to 62.0, from 60.7 in November, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

Academy Securities executives Chance Mims and Phil McConkey chat with Bond Buyer senior Northeast reporter Paul Burton about Wall Street opportunities for military veterans and McConkey’s NFL career.

Jan. 5, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.55 1.41 2.17 3.09 Arkansas Aa1/AA/NR 0.52 1.3 2 2.91 Colorado Aa1/AA/NR 0.52 1.37 2.1 3.04 Kansas Aa1/AA+/NR 0.5 1.37 2.1 3 New Mexico Aaa/AA+/NR 0.5 1.31 2.01 2.94 Oklahoma Aa2/AA+/AA+ 0.54 1.4 2.12 3.04 Texas Aaa/AAA/AAA 0.53 1.34 2.04 2.99 Utah Aaa/AAA/AAA 0.5 1.25 1.91 2.82

1/4/2016 12/28/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 1 $5,990 1 5,990 $0 Arkansas 1 2,445 0 0 2,445 Colorado 1 34,110 0 0 34,110 Kansas 3 7,921 0 0 7,921 New Mexico 1 1,100 0 0 1,100 Oklahoma 19 29,230 0 0 29,230 Texas 19 1,298,122 11 837,545 460,577 Utah 2 99,695 0 0 99,695

Tuesday, January 5 Issuer St Description Amount

Tuesday, January 5 Issuer St Description Amount