News and Information from Bond Buyer

Utah must adjust to a growing population, environmental threats and the need to improve education while attracting new business, Gov. Gary Herbert told lawmakers.

Municipal bond traders Thursday said the month-long rally that pushed yields down more than 30 basis points on some maturities has run into headwinds.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon, a 2.190% high yield, a price of 99.580282.

San Jose Mayor Chuck Reed and other proponents of the Pension Reform Act of 2014 say they will legally challenge Attorney General Kamala Harris's ballot summary language, likely delaying the measure.

The Internal Revenue Service is auditing $12.84 million of unlimited tax school building bonds issued in 2010 by the Anahuac Independent School District in Texas as part of an examination of small governmental bond issues.

New York City Comptroller Scott Stringer called for an overhaul of pension fund oversight, including a ban on private placement agents across all asset classes.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.572% high yield, a price of 99.655086.

The rally that propelled municipal bond yields this month may be coming to a close, some traders said, as yields rose for a third straight day.

The Treasury Department said it will auction $18 billion year bills on Feb. 4.

The Treasury Department said Thursday it will auction $28 billion 91-day bills and $20 billion 182-day discount bills Monday.

Pending home sales plunged 8.7% to an index reading of 92.4 in December, after a revised 0.3% decline to 101.2 in November, according to a report released Thursday by the National Association of Realtors.

The seasonally adjusted Milwaukee Report on Business slid to 52.8 in January from 54.3 in December, the Institute for Supply Management-Milwaukee reported Thursday.

U.S. Q4 GDP posted a 3.2% increase, not as high as many feared, with about a 0.3 point subtraction estimated to stem from the Federal government shutdown in the first half of October.

Initial jobless claims climbed 19,000 to 346,000 in the week ended January 25, the Labor Department said Thursday.

Moody's Investors Service said it has upgraded to Baa1 from Baa3 the rating on Upper Trinity Regional Water District, Texas's outstanding Northeast Regional Water Reclamation bonds and assigned a Baa1 rating to the district's $15.3 million Northeast Regional Water Reclamation bonds, Series 2014.

Jan. 30, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.19 1.17 2.7 4.03 Florida Aa1/AAA/AAA 0.19 1.18 2.67 4.02 Georgia Aaa/AAA/AAA 0.17 1.08 2.5 3.83 Kentucky Aa2/AA+/AA 0.19 1.21 2.73 4.08 Louisiana Aa2/AA/AA 0.18 1.19 2.68 4.05 Mississippi Aa2/AA/AA+ 0.2 1.2 2.72 4.01 North Carolina Aaa/AAA/AAA 0.17 1.08 2.5 3.83 South Carolina Aaa/AA+/AAA 0.17 1.1 2.53 3.85 Tennessee Aaa/AA+/AAA 0.17 1.09 2.55 3.88 Virginia Aaa/AAA/AAA 0.15 1.08 2.5 3.83 West Virginia Aa1/AA/AA 0.19 1.21 2.72 4.07

1/29/2014 1/22/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 1 $5,830 -$5,830 Florida 4 287,905 7 255,325 32,580 Georgia 5 161,100 5 161,100 0 Kentucky 2 19,250 0 0 19,250 Louisiana 10 602,465 5 68,100 534,365 Mississippi 1 1,400 0 0 1,400 North Carolina 0 0 1 54,850 -54,850 South Carolina 1 140,000 1 100,000 40,000 Tennessee 0 0 0 0 0 Virginia 2 209,650 3 525,440 -315,790 West Virginia 0 0 0 0 0

Thursday, January 30 Issuer St Description Amount

Thursday, January 30 Issuer St Description Amount

Thursday, January 30 Issuer St Description Amount