News and Information from Bond Buyer

Top-quality municipal bonds ended stronger on Thursday, according to traders, as yields on some maturities fell by as much as five basis points one day after the Federal Reserve raised interest rates for the first time in almost a decade.

After a multi-year battle, with Los Angeles, the Ontario, Calif. airport reverts to local control once the Ontario International Airport Authority receive approval from the Federal Aviation

Senate Minority Leader Harry Reid, D-Nev., made a final pitch on Thursday for lawmakers to include provisions to help Puerto Rico with its debt crisis in the pending omnibus spending bill, calling it “the moral thing to do.”

Moody's Investors Service upgraded Laguna Beach Unified School District's, Calif. general obligation bonds to Aaa from Aa1.

Franklin Templeton, Stockton, Calif's holdout creditor, says it will not pursue further appeals of the plan that allowed the city to officially exit bankruptcy earlier this year.

Infrastructure needs are expected to drive steady borrowing by California school districts, and Raymond James is staffing up to be a part of it.

The Treasury Department Thursday auctioned $16 billion of four-year four-month inflation-indexed notes with a 0.125% coupon, a 0.472% high yield, an adjusted price of 100.068098

Top-quality municipal bonds were stronger at mid-session, according to traders, with yields on some maturities weakening by as much as five basis points on the long end.

The Chicago Board of Education voted to move ahead with two borrowing items to help keep the struggling Chicago Public Schools afloat.

Pennsylvania House Republican leaders told Gov. Tom Wolf they would push his budgetary tax package to the floor if he can show he has a majority of votes.

Top-quality municipal bonds were stronger in early action on Thursday, according to traders, with yields on some maturities weakening by as much as four basis points on the long end.

Thursday, December 17 Issuer St Description Amount

Thursday, December 17 Issuer St Description Amount

Week Of December 14 Issuer St Description Amount

Week Of December 14 Issuer St Description Amount

Dec. 17, 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 2.07 2.99 Florida Aa1/AAA/AAA 0.52 1.34 2.12 3.01 Georgia Aaa/AAA/AAA 0.5 1.26 1.98 2.88 Kentucky Aa2/AA+/AA+ 0.54 1.4 2.18 3.11 Louisiana Aa2/AA/AA 0.63 1.59 2.39 3.31 Mississippi Aa2/AA/AA+ 0.55 1.42 2.23 3.14 North Carolina Aaa/AAA/AAA 0.5 1.26 1.98 2.89 South Carolina Aaa/AA+/AAA 0.5 1.28 2.01 2.92 Tennessee Aaa/AA+/AAA 0.5 1.28 2 2.89 Virginia Aaa/AAA/AAA 0.49 1.25 1.97 2.87 West Virginia Aa1/AA/AA+ 0.52 1.32 2.11 3.04

ALABAMA

12/16/2015 12/9/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $97,805 1 $4,670 93,135 Florida 2 35,130 7 288,390 -253,260 Georgia 0 0 2 207,110 -207,110 Kentucky 2 37,430 5 67,730 -30,300 Louisiana 2 66,350 1 120,000 -53,650 Mississippi 0 0 0 0 0 North Carolina 1 6,900 3 77,000 -70,100 South Carolina 1 6,930 3 229,620 -222,690 Tennessee 0 0 3 53,415 -53,415 Virginia 0 0 1 6,750 -6,750 West Virginia 0 0 0 0 0

KENTUCKY

Indicator Last Report Forecast Actual Housing Starts Oct.: 1.060M Nov.: 1.140M Nov.: 1.173M Building Permits Oct.: 1.150M Nov.: 1.150M Nov.: 1.289M Industrial Production Oct.: -0.2% Nov.: -0.1% Nov.: -0.6% Capacity Utilization Oct.: 77.5 Nov.: 77.5 Nov.: 77.0