News and Information from Bond Buyer

The supply-demand relationship in the municipal market is skewed in favor of issuers, even as some sizeable deals trickled into the market Thursday, said U.S. Bank's Dan Heckman.

The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.661% high yield, an adjusted price of 99.547965, with a 5/8% coupon.

California Gov. Jerry Brown's proposed a redevelopment replacement in his new budget, but it falls short of what redevelopment advocates have been hoping for.

Municipal bonds rallied into Thursday morning as weak data, aside from the initial jobless claims report, boosted Treasuries.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, Jan. 30.

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

The Treasury Department Thursday announced it will sell $15 billion of two-year floating rate notes on Jan. 29.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "rebounded moderately in January, and factories' production expectations continued to climb higher," according to the bank's monthly manufacturing survey, released Thursday.

Moody's Investors Service said it has downgraded Phoebe Putney Memorial Hospital, Ga., long-term bond rating to A1 from Aa3.

Jameson Doig, author of a book about the history of the Port Authority of New York and New Jersey, said the agency has never experienced a controversy as huge as the Bridgegate scandal.

The composite index of Leading Economic Indicators was up 0.1% in December following a revised 1.0% increase in November, first reported as a 0.8% surge, the Conference Board reported Thursday.

Existing home sales rose 1.0% to a seasonally adjusted 4.87 million-unit rate in December from a revised 4.82 million pace the previous month, the National Association of Realtors announced Thursday.

The level of initial claims for U.S. state unemployment benefits was less than expected in the January 18 employment survey week, rising by only 1,000 to 326,000, the Labor Department reported Thursday.

The Chicago Fed National Activity Index for December fell to 0.16 from a revised 0.69 reading in November, while the three-month moving average (CFNAI-MA3) declined to 0.33 from a revised 0.36 in November, the Federal Reserve Bank of Chicago reported Thursday.

Moody's Investors Service said it has downgraded to Aa3 from Aa2 the city of Forest Park, Ohio's $2.0 million in general obligation limited tax debt and removes the rating from review.

Jan. 23, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.19 1.22 2.79 4.1 Florida Aa1/AAA/AAA 0.19 1.22 2.76 4.09 Georgia Aaa/AAA/AAA 0.17 1.13 2.59 3.9 Kentucky Aa2/AA+/AA 0.19 1.26 2.82 4.15 Louisiana Aa2/AA/AA 0.18 1.24 2.77 4.12 Mississippi Aa2/AA/AA+ 0.2 1.25 2.81 4.11 North Carolina Aaa/AAA/AAA 0.17 1.13 2.59 3.9 South Carolina Aaa/AA+/AAA 0.17 1.15 2.62 3.92 Tennessee Aaa/AA+/AAA 0.17 1.14 2.64 3.95 Virginia Aaa/AAA/AAA 0.15 1.13 2.59 3.9 West Virginia Aa1/AA/AA 0.19 1.26 2.81 4.14

1/22/2014 1/15/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $5,830 1 $9,630 -$3,800 Florida 7 255,325 9 829,395 -574,070 Georgia 5 161,100 5 160,440 660 Kentucky 0 0 2 7,725 -7,725 Louisiana 5 68,100 6 98,100 -30,000 Mississippi 0 0 0 0 0 North Carolina 1 54,850 1 20,020 34,830 South Carolina 1 100,000 1 16,405 83,595 Tennessee 0 0 0 0 0 Virginia 3 525,440 2 312,745 212,695 West Virginia 0 0 0 0 0

Thursday, January 23 Issuer St Description Amount

Thursday, January 23 Issuer St Description Amount

Week Of January 21 Issuer St Description Amount