News and Information from Bond Buyer

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

"I think it is a concern of many of [GFOA's] members that the MCDC initiative will be used to generate a large number of instances of issuer violations of the continuing disclosure agreements and obligations … and that the violations will be grouped and presented to Congress and SEC commissioners as the basis for organizing some kind of one-size-fits-all regulatory scheme to impose further regulation on issuers," said Dustin McDonald, GFOA federal liaison center director.

Municipal bond traders were set to go home early on Thursday as the last hours of 2015 tick down.

Nassau County officials are placing bets that a famed racetrack will be a winning location for a new mini casino that will deliver much-needed revenue to a local government strapped for cash.

Municipal market groups are ready to band together in 2016 to show the Securities and Exchange Commission that they can improve disclosure practices without increased regulation, even as the commission is set to continue publishing settlements with underwriters and issuers who have failed to comply with their continuing disclosure obligations.

The Chicago Purchasing Managers' Business Barometer declined to a six and a half year low of 42.9 in December from 48.7 in November, the National Association of Purchasing Management-Chicago said Thursday.

The seasonally adjusted Milwaukee Report on Business gained to 48.5 in December from 45.3 in November, the Institute for Supply Management-Milwaukee reported Thursday

Dec. 31, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.52 1.32 2.02 2.92 Florida Aa1/AAA/AAA 0.52 1.34 2.07 2.94 Georgia Aaa/AAA/AAA 0.5 1.26 1.93 2.81 Kentucky Aa2/AA+/AA+ 0.54 1.4 2.13 3.04 Louisiana Aa2/AA/AA 0.58 1.56 2.32 3.22 Mississippi Aa2/AA/AA+ 0.55 1.42 2.18 3.07 North Carolina Aaa/AAA/AAA 0.5 1.26 1.93 2.82 South Carolina Aaa/AA+/AAA 0.5 1.28 1.96 2.85 Tennessee Aaa/AA+/AAA 0.5 1.28 1.95 2.82 Virginia Aaa/AAA/AAA 0.49 1.25 1.92 2.8 West Virginia Aa1/AA/AA+ 0.52 1.32 2.06 2.97

12/30/2015 12/23/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 0 Florida 5 625,130 3 285,130 340,000 Georgia 1 7,450 0 0 7,450 Kentucky 0 0 0 0 0 Louisiana 1 66,875 1 66,875 0 Mississippi 0 0 0 0 0 North Carolina 1 6,900 1 6,900 0 South Carolina 2 38,710 0 0 38,710 Tennessee 1 5,185 1 5,185 0 Virginia 0 0 0 0 0 West Virginia 0 0 0 0 0

Week Of January 4 Issuer St Description Amount

Week Of January 4 Issuer St Description Amount

ARIZONA

Tuesday, January 5 Issuer St Description Amount

Monday, January 4 Issuer St Description Amount

Orange County, Calif. received a rating boost, as Standard & Poor's upgraded its issuer credit rating one notch to AA-plus from AA.

Government

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged at 4.22% for the week ended Dec. 30 from the previous week.

Standard & Poor’s is warning Chicago that analysts are watching to see how the city copes with a potentially bigger pension payment should its push for state relief falter.

Puerto Rico Gov. Alejandro García Padilla announced on Wednesday that the commonwealth will default on $37.3 million out of nearly $1 billion of debt payments due on Jan. 4, a “mild” default, according to one analyst, and one that could threaten the governor’s plans congressional help.

Desert Hot Springs, Calif., a Palm Springs suburb that has flirted with bankruptcy, received an improved stable outlook from Standard & Poor’s.