News and Information from Bond Buyer

The Treasury Department Monday auctioned $24 billion of three-year notes with a 7/8% coupon at a 0.926% yield, a price of 99.849449.

The first interest rate hike is apt to be in "the middle of the year," according to Federal Reserve Bank of Atlanta President Dennis Lockhart, who said he purposely used the vague term because the exact timing of the first increase isn't extremely important

Consumers are less afraid of losing their jobs, and their view of inflation expectations held steady in December, with buyers expecting around 3.0% inflation over the course of one year and three years, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Law firms Locke Lord and Edwards Wildman Palmer closed their $675 million merger and will operate as Locke Lord Edwards, with 1,000 lawyers in 23 locations.

Bruce Rauner took over the Illinois governor's office Monday, vowing to fix the state's bleak finances through shared sacrifice, bolster its competitive edge for business, improve education, and to end "business as usual."

The municipal bond market saw the $750 million New York City Transitional Finance Authority deal priced for retail investors on Monday while the $743 million King County, Wash., bonds were priced for institutions.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.025% high rate, down from 0.030% the prior week, and the six-months incurred a 0.085% high rate, off from 0.110% the week before.

Standard & Poor's has revised its outlook to stable from negative on Glendale, Ariz.'s BBB-plus credit general obligation rating as the Phoenix suburb prepares to issue $294 million of refunding bonds.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

Puerto Rico Gov. Alejandro García Padilla announced Friday evening that he was recommending a new leader for the Puerto Rico Highways and Transportation Authority.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, grew to 6.1 in December from 5.5 in November.

With the state House and Senate controlled by different parties, the Colorado General Assembly has begun the process of dividing up an estimated $1.05 billion of additional revenue for the next fiscal year.

The Conference Board's Employment Trends Index (ETI) gained to 128.43 in December from an upwardly revised 127.83 in November, and is up 7.5% from a year ago, the group announced Monday.

The University of Colorado will bring $89.3 million of refunding bonds to market as opportunities for interest-rate savings continue.

Jan. 12, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.18 1.44 2.21 3.03 Delaware Aaa/AAA/AAA 0.14 1.26 1.9 2.69 Maine Aa2/AA/AA 0.15 1.3 1.99 2.81 Maryland Aaa/AAA/AAA 0.14 1.26 1.91 2.71 Massachusetts Aa1/AA+/AA+ 0.16 1.34 2.03 2.87 New Hampshire Aa1/AA/AA+ 0.14 1.3 2 2.83 New Jersey A1/A/A 0.26 1.72 2.47 3.28 New York Aa1/AA+/AA+ 0.14 1.28 1.98 2.87 Pennsylvania Aa3/AA+/AA+ 0.16 1.48 2.23 3.01 Rhode Island Aa2/AA/AA 0.18 1.43 2.22 3.06 Vermont Aaa/AA+/AAA 0.14 1.27 1.96 2.74 Dist. of Columbia Aa2/AA/AA 0.16 1.38 2.13 2.97 Puerto Rico B2/BB/BB+ 7.54 9.06 8.71 7.46

1/9/2015 1/2/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $66,920 1 $1,620 $65,300 Delaware 0 0 0 0 0 Maine 5 91,120 0 0 91,120 Maryland 0 0 0 0 0 Massachusetts 6 63,587 3 110,050 -46,463 New Hampshire 0 0 0 0 0 New Jersey 6 84,246 4 35,955 48,291 New York 10 1,325,776 7 128,690 1,197,086 Pennsylvania 8 103,105 8 95,135 7,970 Rhode Island 1 593,655 1 593,655 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, January 12 Issuer St Description Amount

Monday, January 12 Issuer St Description Amount

Wednesday, January 14 Issuer St Description Amount

Week Of January 12 Issuer St Description Amount