News and Information from Bond Buyer

Mar. 19, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.18 1.37 2.19 3 Florida Aa1/AAA/AAA 0.21 1.4 2.21 3.06 Georgia Aaa/AAA/AAA 0.18 1.31 2.08 2.89 Kentucky Aa2/AA+/AA+ 0.21 1.45 2.29 3.12 Louisiana Aa2/AA/AA 0.21 1.47 2.32 3.15 Mississippi Aa2/AA/AA+ 0.21 1.48 2.28 3.12 North Carolina Aaa/AAA/AAA 0.18 1.32 2.08 2.89 South Carolina Aaa/AA+/AAA 0.18 1.34 2.12 2.93 Tennessee Aaa/AA+/AAA 0.18 1.34 2.12 2.92 Virginia Aaa/AAA/AAA 0.18 1.31 2.07 2.88 West Virginia Aa1/AA/AA+ 0.21 1.42 2.25 3.08

3/18/2015 3/11/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $7,635 0 $0 7,635 Florida 10 1,258,445 7 1,023,645 234,800 Georgia 1 16,480 0 0 16,480 Kentucky 12 404,765 9 95,385 309,380 Louisiana 0 0 1 181,210 -181,210 Mississippi 2 111,000 3 67,245 43,755 North Carolina 2 212,810 6 271,345 -58,535 South Carolina 0 0 4 115,180 ?115,180 Tennessee 1 22,535 5 26,450 -3,915 Virginia 5 287,825 3 117,525 170,300 West Virginia 0 0 0 0 0

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The U.S. Bureau of Prisons has cancelled a contract with the operator of a private detention facility in Raymondville, Texas, that was closed after an inmate revolt.

Prices of top-quality municipal bonds finished markedly higher on Wednesday, traders said, after the Federal Open Market Committee’s statement on monetary policy dropped the word “patient,” indicating a possible interest rate hike as early as June. Yields on some top-shelf munis fell by as much as six basis points at the close.

Voters in Atlanta Tuesday overwhelmingly approved issuing $252 million in general obligations bonds to address critical capital infrastructure needs.

An expected months-long suspension of sales of state and local government series securities is likely to be most challenging for small issues with short defeasance escrows, market participants said.

Richard Jones has been tapped to head Nixon Peabody LLP's public finance practice.

Rhode Island Gov. Gina Raimondo and General Treasurer Seth Magaziner announced plans for a state infrastructure bank for green financing alternatives.

Airport capital needs will total $75.7 billion through 2019 to keep pace with increases in passenger and cargo loads.

Boosted by a rating upgrade, the University of Kentucky plans to competitively issue $281.7 million in new and refunding bonds Tuesday for the UK HealthCare system.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.

With the reactivation of ancient fault lines by seismic activity over the past five years, Oklahoma now faces the risk of a major earthquake in areas of the state where oil and gas is produced by hydraulic fracturing of tight shale formations, according to a new report by geological researchers.

Macomb County reduced the maturity down to 20 years from 25 years on $263 million of OPEB bonds it sold last week, a move it said saved the county $47 million in interest costs.

The Chicago Public Schools dropped Moody’s Investors Service from the list of rating agencies asked to review its upcoming sale of about $550 million in new money and refunding general obligation paper.

Prices of top-quality municipal bonds were stronger at mid-session, traders said, with yields on some maturities down by as much as two basis points. Meanwhile in the primary, the big Albuquerque water deal was priced.

Although defaults have not yet occurred, it is not too early for holders to take a hard look at the applicable bond documents to evaluate their rights and leverage in the restructurings or refinancings that have begun and which may proliferate in the years ahead.

Michigan senators approved a bill giving investors in Detroit’s income tax-backed bonds both a statutory lien and an intercept aimed at snagging at least one investment-grade rating on the city’s first post-bankruptcy bond deal set for the spring.